# PPP loan: SALEM AUTOMATION, INC
> **$179K** approved 05/06/2020 · Paid in Full · Loan `2760177404`
## Borrower
- **Name:** SALEM AUTOMATION, INC
- **Address:** 1598 Westbrook Plaza Dr, STE 102, WINSTON SALEM, NC, 27103
- **NAICS:** 541511
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $179K
- **Initial approval:** $179K
- **Forgiven:** $181K (101%)
- **Forgiveness date:** 02/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $179K
- **Jobs reported:** 8
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*