# PPP loan: SALEM COMMUNITY CORPORATION
> **$1.44M** approved 04/14/2020 · Paid in Full · Loan `7249937108`
## Borrower
- **Name:** SALEM COMMUNITY CORPORATION
- **Address:** 65 Briarwood Cir Ste 1, Worcester, MA, 01606
- **NAICS:** 623311
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.44M
- **Initial approval:** $1.44M
- **Forgiven:** $1.44M (101%)
- **Forgiveness date:** 11/25/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.20M
- **Mortgage interest:** $33K
- **Utilities:** $90K
- **Health care:** $112K
- **Jobs reported:** 186
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*