# PPP loan: EAST COAST WELDING & CONSTRUCTION CO, INC
> **$542K** approved 05/18/2021 · Charged Off · Loan `3221849010`
## Borrower
- **Name:** EAST COAST WELDING & CONSTRUCTION CO, INC
- **Address:** 1207 Wilson Rd, Glen Burnie, MD, 21061-3239
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $542K
- **Initial approval:** $542K
- **Forgiven:** $239K (44%)
- **Forgiveness date:** 06/09/2022
- **Status:** Charged Off
- **Term:** 41 months
## Use of funds
- **Payroll:** $542K
- **Utilities:** $1
- **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*