# PPP loan: UNDERWOOD & WELD COMPANY, INC.
> **$515K** approved 04/16/2020 · Paid in Full · Loan `2410217207`
## Borrower
- **Name:** UNDERWOOD & WELD COMPANY, INC.
- **Address:** 199 Tank Trail, SPRUCE PINE, NC, 28777
- **NAICS:** 484220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $515K
- **Initial approval:** $515K
- **Forgiven:** $519K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $515K
- **Jobs reported:** 62
## Lender
- **Originating:** United Community Bank
- **Servicing:** United Community Bank (SC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*