As part of the Paycheck Protection Program SALEM TOOLS, INC 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 TOOLS, INC


Loan Amount	$1,343,000
BusinessName	SALEM TOOLS, INC
Address	1602 MIDLAND RD
City	SALEM
State	VA
Zip	24153
NAICSCode	423710
BusinessType	Corporation
RaceEthnicity	Unanswered
Gender	Unanswered
Veteran	Unanswered
NonProfit
JobsReported	0
DateApproved	04/10/2020
Lender	Freedom First FCU
CD	VA-09
BusinessName.clean	SALEM TOOLS

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 TOWNSHIP HOSPITAL
SALEM TRUCK LEASING
SALEM TUBE
SALEM UNIVERSITY
SALEM VILLAGE NURSING REHABILITATION CENTER