# PPP loan: JAMES J. WELCH & CO. INC.
> **$367K** approved 02/02/2021 · Paid in Full · Loan `1545108404`
## Borrower
- **Name:** JAMES J. WELCH & CO. INC.
- **Address:** 27 Congress St Ste 503, Salem, MA, 01970-5577
- **NAICS:** 236210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $367K
- **Initial approval:** $367K
- **Forgiven:** $370K (101%)
- **Forgiveness date:** 11/22/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $367K
- **Utilities:** $1
- **Jobs reported:** 22
## Lender
- **Originating:** The National Grand Bank of Marblehead
- **Servicing:** The National Grand Bank of Marblehead (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*