# PPP loan: WELCHEL ELECTRICAL CONTRACTORS INC
> **$169K** approved 04/27/2021 · Paid in Full · Loan `2786328907`
## Borrower
- **Name:** WELCHEL ELECTRICAL CONTRACTORS INC
- **Address:** 7606 Prince St, Spartanburg, SC, 29303-1754
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $169K
- **Initial approval:** $169K
- **Forgiven:** $170K (101%)
- **Forgiveness date:** 03/24/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $169K
- **Jobs reported:** 17
## Lender
- **Originating:** Wells Fargo Bank, National Association
- **Servicing:** Wells Fargo Bank, National Association (SD)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*