# PPP loan: SALISBURY COVE ASSOCIATES INC.
> **$193K** approved 04/03/2020 · Paid in Full · Loan `4442307007`
## Borrower
- **Name:** SALISBURY COVE ASSOCIATES INC.
- **Address:** 15 Knox Road, BAR HARBOR, ME, 04609-7770
- **NAICS:** 312120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $193K
- **Initial approval:** $193K
- **Forgiven:** $194K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $154K
- **Rent:** $19K
- **Utilities:** $19K
- **Jobs reported:** 42
## Lender
- **Originating:** First National Bank
- **Servicing:** First National Bank (ME)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*