PPP Loan information for Salem infotech inc

$328,574

Salem infotech inc was initially approved for PPP Loan of amount $452,585, the current approved amount is $328,574. The loan was approved on 04/15/2020 by The Manufacturers and Traders Trust Company reported 20 jobs and $328,574 was used to fund payroll.

Salem infotech inc is Existing or more than 2 years old

PPP Loan Search / VA / Herndon / Salem infotech inc

SALEM INFOTECH INC

Date Approved

04/15/2020

SBA Office Code

0353

Processing Method

PPP

Borrower Name

SALEM INFOTECH INC

Borrower Address

2201 Cooperative Way Suite 600

Borrower City

Herndon

Borrower State

VA

Borrower Zip

20171

Loan Status Date

03/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

452585.00

Current Approval Amount

328574.00

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

Herndon

Project County Name

FAIRFAX

Project State

VA

Project Zip

20171-0001

CD

VA-11

Jobs Reported

20

NAICS Code

541511

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

2178.00

Payroll Proceed

296206.00

Mortgage Interest Proceed

0.00

Rent Proceed

2904.00

Refinance EIDL Proceed

0.00

Health Care Proceed

24829.00

Debt Interest Proceed

2457

Business Type

Corporation

Originating Lender Location Id

46391

Originating Lender

Manufacturers and Traders Trust Company

Originating Lender City

BUFFALO

Originating Lender State

NY

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

320206.15

Forgiveness Date

11/05/2020

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