# PPP loan: SALISBURY & MOORE CONSTRUCTION, INC.
> **$474K** approved 04/04/2020 · Paid in Full · Loan `5017007004`
## Borrower
- **Name:** SALISBURY & MOORE CONSTRUCTION, INC.
- **Address:** 8320 LITCHFORD RD, STE 124, RALEIGH, NC, 27615-2436
- **NAICS:** 236116
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $474K
- **Initial approval:** $474K
- **Forgiven:** $478K (101%)
- **Forgiveness date:** 02/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $356K
- **Rent:** $59K
- **Utilities:** $59K
- **Jobs reported:** 44
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*