# PPP loan: SERVICE MACHINE AND WELDING CO., INC.
> **$713K** approved 04/12/2020 · Paid in Full · Loan `3978487106`
## Borrower
- **Name:** SERVICE MACHINE AND WELDING CO., INC.
- **Address:** 12421 Maple Street, P. O. Box 2083, Ashland, VA, 23005
- **NAICS:** 331221
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $713K
- **Initial approval:** $713K
- **Forgiven:** $717K (101%)
- **Forgiveness date:** 11/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $713K
- **Jobs reported:** 48
## Lender
- **Originating:** Atlantic Union Bank
- **Servicing:** Atlantic Union Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*