# PPP loan: NEUMANN WELDING INC
> **$1.00M** approved 04/10/2020 · Paid in Full · Loan `1727867109`
## Borrower
- **Name:** NEUMANN WELDING INC
- **Address:** 1902 COUNTY ROAD 2401, GANADO, TX, 77962-8568
- **NAICS:** 238190
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.00M
- **Initial approval:** $1.00M
- **Forgiven:** $1.01M (101%)
- **Forgiveness date:** 12/15/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.00M
- **Jobs reported:** 103
## Lender
- **Originating:** The First State Bank
- **Servicing:** The First State Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*