# PPP loan: SELMA INC.
> **$297K** approved 04/15/2020 · Paid in Full · Loan `8556017108`
## Borrower
- **Name:** SELMA INC.
- **Address:** 8805 Bi State Boulevard, Delmar, MD, 21875
- **NAICS:** 444190
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $297K
- **Initial approval:** $297K
- **Forgiven:** $299K (101%)
- **Forgiveness date:** 11/12/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $234K
- **Rent:** $9K
- **Mortgage interest:** $25K
- **Utilities:** $1K
- **Health care:** $28K
- **Jobs reported:** 26
## 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*