# PPP loan: OLD SALEM INC.
> **$663K** approved 03/16/2021 · Paid in Full · Loan `3052928600`
## Borrower
- **Name:** OLD SALEM INC.
- **Address:** 600 S Main St, Winston Salem, NC, 27101-5329
- **NAICS:** 712110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $663K
- **Initial approval:** $663K
- **Forgiven:** $669K (101%)
- **Forgiveness date:** 02/28/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $663K
- **Utilities:** $1
- **Jobs reported:** 50
## Lender
- **Originating:** Cross River Bank
- **Servicing:** Cross River Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*