# PPP loan: SALEM COMMUNITY CHILD CARE INC.
> **$275K** approved 02/17/2021 · Paid in Full · Loan `9778328408`
## Borrower
- **Name:** SALEM COMMUNITY CHILD CARE INC.
- **Address:** 90 Congress St, Salem, MA, 01970-6052
- **NAICS:** 624410
- **Business type:** 501(c)3 ¿ Non Profit
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $275K
- **Initial approval:** $275K
- **Forgiven:** $278K (101%)
- **Forgiveness date:** 01/19/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $275K
- **Utilities:** $1
- **Jobs reported:** 27
## Lender
- **Originating:** Salem Five Cents Savings Bank
- **Servicing:** Salem Five Cents Savings Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*