# PPP loan: NEW SALEM BAPTIST CHURCH OF MEMPHIS INC.
> **$157K** approved 03/01/2021 · Paid in Full · Loan `5630568503`
## Borrower
- **Name:** NEW SALEM BAPTIST CHURCH OF MEMPHIS INC.
- **Address:** 2237 S Parkway E, Memphis, TN, 38114-2218
- **NAICS:** 813110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $157K
- **Initial approval:** $157K
- **Forgiven:** $158K (101%)
- **Forgiveness date:** 09/29/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $157K
- **Utilities:** $1
- **Jobs reported:** 20
## Lender
- **Originating:** Pinnacle Bank
- **Servicing:** Pinnacle Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*