PPP Loan information for Salem community corporation

$1,435,355

Salem community corporation was initially approved for PPP Loan of amount $1,435,355, the current approved amount is $1,435,355. The loan was approved on 04/14/2020 by The Manufacturers and Traders Trust Company reported 186 jobs and $1,435,355 was used to fund payroll.

Salem community corporation is Existing or more than 2 years old

PPP Loan Search / MA / Worcester / Salem community corporation

SALEM COMMUNITY CORPORATION

Date Approved

04/14/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

SALEM COMMUNITY CORPORATION

Borrower Address

65 Briarwood Cir Ste 1

Borrower City

Worcester

Borrower State

MA

Borrower Zip

01606

Loan Status Date

03/02/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1435355.00

Current Approval Amount

1435355.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

46391

Servicing Lender Name

Manufacturers and Traders Trust Company

Servicing Lender Address

One M & T Plaza, 15th Fl

Servicing Lender City

BUFFALO

Servicing Lender State

NY

Servicing Lender Zip

14203

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Worcester

Project County Name

WORCESTER

Project State

MA

Project Zip

01606-0001

CD

MA-02

Jobs Reported

186

NAICS Code

623311

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

90000.00

Payroll Proceed

1200000.00

Mortgage Interest Proceed

33355.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

112000.00

Debt Interest Proceed

0

Business Type

Non-Profit Organization

Originating Lender Location Id

46391

Originating Lender

Manufacturers and Traders Trust Company

Originating Lender City

BUFFALO

Originating Lender State

NY

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

1443927.81

Forgiveness Date

11/25/2020

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