As part of the Paycheck Protection Program SALEM ELECTRIC was approved for a loan.

The Paycheck Protection Program (PPP) incentivized business owners to continue paying their workers during the pandemic. In late December 2020, a new PPP bill authorized additional funding for the program.

SALEM ELECTRIC


Loan Amount	$1,000,000
BusinessName	SALEM ELECTRIC
Address	633 7TH ST NW
City	SALEM
State	OR
Zip	97304
NAICSCode	221122
BusinessType	Cooperative
RaceEthnicity	Unanswered
Gender	Unanswered
Veteran	Unanswered
NonProfit
JobsReported	47
DateApproved	05/14/2020
Lender	Washington Federal Bank, National Association
CD	OR-05
BusinessName.clean	SALEM ELECTRIC

Data Sources

The data come from a release of over 5 million records by the SBA in November, 2020.

Who Could Apply?

Entities affected by Coronavirus (COVID-19) may have been eligible, including:

Small businesses that met SBA’s size standards
Sole proprietors, independent contractors, and self-employed persons

More info about the PPP is available from the Small Business Administration.

Other Organizations with PPP Loans

SALEM ENGINEERING GROUP
AURA FINANCIAL A CERTIFIED CDFI
AURA HARDWOOD LUMBER
SALEM GASTROENTEROLOGY CONSULTANTS PC
SALEM GLASS COMPANY