# PPP loan: SALEM HARDWOOD LUMBER CO INC
> **$460K** approved 04/14/2020 · Paid in Full · Loan `6217367104`
## Borrower
- **Name:** SALEM HARDWOOD LUMBER CO INC
- **Address:** 1900 HIGHWAY 64 East, NEW SALISBURY, IN, 47161-9610
- **NAICS:** 321212
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $460K
- **Initial approval:** $460K
- **Forgiven:** $465K (101%)
- **Forgiveness date:** 04/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $390K
- **Mortgage interest:** $15K
- **Utilities:** $55K
- **Jobs reported:** 43
## Lender
- **Originating:** Waterford Bank, National Association
- **Servicing:** Waterford Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*