Salem Tool Inc.

$88,000 PPP Loan in Corbin, Kentucky

Loan Details

Loan Number
8350378406
Date Approved
Feb 13, 2021
Loan Status
Paid in Full
Initial Approval
$88,000
Current Approval
$88,000
Forgiveness Amount
$88,953
Forgiveness Date
Mar 16, 2022
Term
60 months
Draw
Second Draw

Business Information

Business Name
Salem Tool Inc.
Address
6109 S US Highway 25
City
Corbin
ZIP Code
40701-4948
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (423840)
Business Age
Existing or more than 2 years old
Jobs Reported
10
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
KY-05

Loan Use Breakdown

Payroll
$87,998
Utilities
$1

Lender Information

Servicing Lender
Truist Bank
Originating Lender
Truist Bank

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