# PPP loan: WELCH AND RUSHE, INC
> **$3.82M** approved 04/09/2020 · Paid in Full · Loan `1037477102`
## Borrower
- **Name:** WELCH AND RUSHE, INC
- **Address:** 391 PRINCE GEORGES BLVD, UPPER MARLBORO, MD, 20774-7410
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.82M
- **Initial approval:** $3.82M
- **Forgiven:** $3.87M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.82M
- **Jobs reported:** 170
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*