# PPP loan: WELDY-LAMONT ASSOCIATES INC.
> **$227K** approved 02/22/2021 · Paid in Full · Loan `2882998506`
## Borrower
- **Name:** WELDY-LAMONT ASSOCIATES INC.
- **Address:** 1040 W Northwest Hwy, Mount Prospect, IL, 60056-2317
- **NAICS:** 423610
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $227K
- **Initial approval:** $227K
- **Forgiven:** $230K (101%)
- **Forgiveness date:** 05/18/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $227K
- **Utilities:** $1
- **Jobs reported:** 9
## Lender
- **Originating:** First Midwest Bank, A Division of Old National Bank
- **Servicing:** Old National Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*