# PPP loan: WELDALOY PRODUCTS COMPANY
> **$1.56M** approved 04/10/2020 · Paid in Full · Loan `2548617103`
## Borrower
- **Name:** WELDALOY PRODUCTS COMPANY
- **Address:** 24011 Hoover Rd, WARREN, MI, 48089-1931
- **NAICS:** 332312
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $1.56M
- **Initial approval:** $1.56M
- **Forgiven:** $1.57M (101%)
- **Forgiveness date:** 01/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.56M
- **Jobs reported:** 93
## Lender
- **Originating:** KeyBank National Association
- **Servicing:** KeyBank National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*