# PPP loan: FRANKLIN WELDING SERVICE, INC.
> **$450K** approved 04/10/2020 · Paid in Full · Loan `1761907101`
## Borrower
- **Name:** FRANKLIN WELDING SERVICE, INC.
- **Address:** 1710 Young Dr, KINGSVILLE, TX, 78364-0511
- **NAICS:** 333992
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $450K
- **Initial approval:** $450K
- **Forgiven:** $452K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $425K
- **Mortgage interest:** $10K
- **Utilities:** $15K
- **Jobs reported:** 41
## Lender
- **Originating:** Kleberg Bank, National Association
- **Servicing:** Kleberg Bank, National Association (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*