# PPP loan: HOBART INSTITURE OF WELDING TECHNOLOGY
> **$800K** approved 04/10/2020 · Paid in Full · Loan `2016317106`
## Borrower
- **Name:** HOBART INSTITURE OF WELDING TECHNOLOGY
- **Address:** 400 Trade Square East, TROY, OH, 45373-2400
- **NAICS:** 611519
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $800K
- **Initial approval:** $800K
- **Forgiven:** $805K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $800K
- **Jobs reported:** 48
## Lender
- **Originating:** Minster Bank
- **Servicing:** Minster Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*