# PPP loan: LON'S WELDING
> **$283K** approved 04/10/2020 · Paid in Full · Loan `2392957103`
## Borrower
- **Name:** LON'S WELDING
- **Address:** PO BOX 688, PERRYTON, TX, 79070-0688
- **NAICS:** 332999
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $283K
- **Initial approval:** $283K
- **Forgiven:** $285K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $212K
- **Mortgage interest:** $28K
- **Utilities:** $42K
- **Jobs reported:** 17
## Lender
- **Originating:** FirstBank Southwest
- **Servicing:** FirstBank Southwest (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*