# PPP loan: SALEM WELDING & SUPPLY CO, INC
> **$249K** approved 04/08/2020 · Paid in Full · Loan `7928727008`
## Borrower
- **Name:** SALEM WELDING & SUPPLY CO, INC
- **Address:** 475 PROSPECT ST, SALEM, OH, 44460-2618
- **NAICS:** 423840
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $249K
- **Initial approval:** $249K
- **Forgiven:** $251K (101%)
- **Forgiveness date:** 05/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $249K
- **Jobs reported:** 20
## Lender
- **Originating:** The Farmers National Bank of Canfield
- **Servicing:** The Farmers National Bank of Canfield (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*