# PPP loan: WELCH CONSTRUCTION INC.
> **$508K** approved 01/23/2021 · Paid in Full · Loan `4743778302`
## Borrower
- **Name:** WELCH CONSTRUCTION INC.
- **Address:** 4331 Slate Hill Rd, Marcellus, NY, 13108-9511
- **NAICS:** 236220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $508K
- **Initial approval:** $508K
- **Forgiven:** $514K (101%)
- **Forgiveness date:** 05/12/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $508K
- **Utilities:** $1
- **Jobs reported:** 45
## Lender
- **Originating:** Solvay Bank
- **Servicing:** Solvay Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*