# PPP loan: NATIONAL WELDING SUPPLY CO INC.
> **$495K** approved 04/15/2020 · Paid in Full · Loan `2063647201`
## Borrower
- **Name:** NATIONAL WELDING SUPPLY CO INC.
- **Address:** 3114 Hwy 90 E, NEW IBERIA, LA, 70560
- **NAICS:** 423830
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $495K
- **Initial approval:** $495K
- **Forgiven:** $499K (101%)
- **Forgiveness date:** 01/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $495K
- **Jobs reported:** 43
## Lender
- **Originating:** JD Bank
- **Servicing:** JD Bank (LA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*