# PPP loan: SALEM ONE INC.
> **$1.60M** approved 03/17/2021 · Paid in Full · Loan `3489618604`
## Borrower
- **Name:** SALEM ONE INC.
- **Address:** 5670 Shattalon Dr, Winston Salem, NC, 27105-1331
- **NAICS:** 323111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.60M
- **Initial approval:** $1.60M
- **Forgiven:** $1.61M (101%)
- **Forgiveness date:** 10/20/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.60M
- **Utilities:** $1
- **Jobs reported:** 132
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*