PPP Loan information for Old salem inc.

$662,735

Old salem inc. was initially approved for PPP Loan of amount $662,735, the current approved amount is $662,735. The loan was approved on 03/16/2021 by The Cross River Bank reported 50 jobs and $662,735 was used to fund payroll.

Old salem inc. is Existing or more than 2 years old

PPP Loan Search / NC / Winston Salem / Old salem inc.

OLD SALEM INC.

Date Approved

03/16/2021

SBA Office Code

0460

Processing Method

PPS

Borrower Name

OLD SALEM INC.

Borrower Address

600 S Main St

Borrower City

Winston Salem

Borrower State

NC

Borrower Zip

27101-5329

Loan Status Date

03/18/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

662735.00

Current Approval Amount

662735.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

456756

Servicing Lender Name

Cross River Bank

Servicing Lender Address

885 Teaneck Rd

Servicing Lender City

TEANECK

Servicing Lender State

NJ

Servicing Lender Zip

07666-4546

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Winston Salem

Project County Name

FORSYTH

Project State

NC

Project Zip

27101-5329

CD

NC-05

Jobs Reported

50

NAICS Code

712110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

662732.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Non-Profit Organization

Originating Lender Location Id

456756

Originating Lender

Cross River Bank

Originating Lender City

TEANECK

Originating Lender State

NJ

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

668781.32

Forgiveness Date

02/28/2022

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