# PPP loan: TORAL WELDING, INC.
> **$554K** approved 04/28/2020 · Exemption 4 · Loan `1431437306`
## Borrower
- **Name:** TORAL WELDING, INC.
- **Address:** 327 Manhattan Ave., Jersey City, NJ, 07307
- **NAICS:** 332312
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $554K
- **Initial approval:** $554K
- **Forgiven:** $478K (86%)
- **Forgiveness date:** 07/20/2021
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $554K
- **Jobs reported:** 68
## Lender
- **Originating:** Capital One, National Association
- **Servicing:** Capital One, National Association (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*