# PPP loan: WEL FAB INC
> **$170K** approved 04/15/2020 · Paid in Full · Loan `2007237202`
## Borrower
- **Name:** WEL FAB INC
- **Address:** 50 INDEL AVE, RANCOCAS, NJ, 08073
- **NAICS:** 238990
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $170K
- **Initial approval:** $170K
- **Forgiven:** $172K (101%)
- **Forgiveness date:** 05/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $170K
- **Jobs reported:** 9
## Lender
- **Originating:** TD Bank, National Association
- **Servicing:** TD Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*