# PPP loan: SALCOA CONTRACTING, INC.
> **$671K** approved 04/07/2020 · Paid in Full · Loan `6546097009`
## Borrower
- **Name:** SALCOA CONTRACTING, INC.
- **Address:** 601 HEDRICK ST, SALISBURY, NC, 28144-3151
- **NAICS:** 238990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $671K
- **Initial approval:** $672K
- **Forgiven:** $677K (101%)
- **Forgiveness date:** 03/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $671K
- **Jobs reported:** 49
## Lender
- **Originating:** Farmers and Merchants Bank
- **Servicing:** Farmers and Merchants Bank (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*