# PPP loan: WELDSTAR COMPANY
> **$1.36M** approved 04/03/2020 · Paid in Full · Loan `4417097003`
## Borrower
- **Name:** WELDSTAR COMPANY
- **Address:** 1750 MITCHELL RD, AURORA, IL, 60505-9578
- **NAICS:** 423840
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.36M
- **Initial approval:** $1.36M
- **Forgiven:** $1.37M (101%)
- **Forgiveness date:** 05/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.14M
- **Rent:** $194K
- **Utilities:** $25K
- **Jobs reported:** 95
## Lender
- **Originating:** Old Second National Bank
- **Servicing:** Old Second National Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*