# PPP loan: SALEM CONSTRUCTION INC
> **$372K** approved 03/12/2021 · Paid in Full · Loan `1183618602`
## Borrower
- **Name:** SALEM CONSTRUCTION INC
- **Address:** 75-77 ROME ST, NEWARK, NJ, 07105
- **NAICS:** 238140
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $372K
- **Initial approval:** $372K
- **Forgiven:** $376K (101%)
- **Forgiveness date:** 06/01/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $372K
- **Utilities:** $1
- **Jobs reported:** 42
## Lender
- **Originating:** Valley National Bank
- **Servicing:** Valley National Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*