# PPP loan: NEWTON WELDING SERVICES
> **$297K** approved 03/13/2021 · Paid in Full · Loan `1321018609`
## Borrower
- **Name:** NEWTON WELDING SERVICES
- **Address:** 1968 Curtis Chapel Rd, Mc Ewen, TN, 37101-5459
- **NAICS:** 236220
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $297K
- **Initial approval:** $297K
- **Forgiven:** $299K (100%)
- **Forgiveness date:** 08/18/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $297K
- **Utilities:** $1
- **Jobs reported:** 40
## Lender
- **Originating:** F&M Bank
- **Servicing:** F&M Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*