# PPP loan: SALEM TIRE CENTER, INC
> **$316K** approved 04/08/2020 · Paid in Full · Loan `7999547010`
## Borrower
- **Name:** SALEM TIRE CENTER, INC
- **Address:** 1100 MAIN ST, SALEM, IL, 62881-3503
- **NAICS:** 441320
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $316K
- **Initial approval:** $316K
- **Forgiven:** $319K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $316K
- **Jobs reported:** 42
## Lender
- **Originating:** Peoples National Bank, National Association
- **Servicing:** Peoples National Bank, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*