# PPP loan: NEW SALEM BAPTIST CHURCH OF MEMPHIS, INC.
> **$157K** approved 05/04/2020 · Paid in Full · Loan `1440227402`
## Borrower
- **Name:** NEW SALEM BAPTIST CHURCH OF MEMPHIS, INC.
- **Address:** 2237 S PARKWAY EAST, MEMPHIS, TN, 38114
- **NAICS:** 813110
- **Business type:** Non-Profit Organization
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $157K
- **Initial approval:** $157K
- **Forgiven:** $159K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $157K
- **Jobs reported:** 20
## Lender
- **Originating:** Pinnacle Bank
- **Servicing:** Pinnacle Bank (TN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*