# PPP loan: SELMA NEWSPAPERS INC.
> **$193K** approved 01/22/2021 · Exemption 4 · Loan `3859888308`
## Borrower
- **Name:** SELMA NEWSPAPERS INC.
- **Address:** 1018 Water Ave, Selma, AL, 36701-4617
- **NAICS:** 511110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $193K
- **Initial approval:** $193K
- **Forgiven:** $94K (49%)
- **Forgiveness date:** 06/09/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $193K
- **Utilities:** $1
- **Jobs reported:** 19
## Lender
- **Originating:** SmartBank
- **Servicing:** SmartBank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*