# PPP loan: BROADWAY WELDING, INC
> **$562K** approved 04/04/2020 · Paid in Full · Loan `4670347010`
## Borrower
- **Name:** BROADWAY WELDING, INC
- **Address:** 1090 LEGION RD, DETROIT LAKES, MN, 56501-4344
- **NAICS:** 333992
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $562K
- **Initial approval:** $562K
- **Forgiven:** $566K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $472K
- **Rent:** $32K
- **Utilities:** $32K
- **Debt interest:** $26K
- **Jobs reported:** 49
## Lender
- **Originating:** The First National Bank of Henning
- **Servicing:** The First National Bank of Henning (MN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*