# PPP loan: HOLVERSON WELDING AND MACHINE, LLC
> **$252K** approved 04/11/2020 · Paid in Full · Loan `3238457102`
## Borrower
- **Name:** HOLVERSON WELDING AND MACHINE, LLC
- **Address:** 100 1ST ST, MOORHEAD, IA, 51558-3042
- **NAICS:** 238190
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $252K
- **Initial approval:** $252K
- **Forgiven:** $254K (101%)
- **Forgiveness date:** 12/15/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $248K
- **Mortgage interest:** $2K
- **Utilities:** $3K
- **Jobs reported:** 23
## Lender
- **Originating:** United Bank of Iowa
- **Servicing:** United Bank of Iowa (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*