# PPP loan: SALISBURY NEWSMEDIA LLC
> **$399K** approved 03/03/2021 · Exemption 4 · Loan `6464448500`
## Borrower
- **Name:** SALISBURY NEWSMEDIA LLC
- **Address:** 131 W Innes St, Salisbury, NC, 28144-4338
- **NAICS:** 511110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $399K
- **Initial approval:** $399K
- **Forgiven:** $225K (56%)
- **Forgiveness date:** 07/13/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $399K
- **Utilities:** $1
- **Jobs reported:** 58
## 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*