# PPP loan: WELD SPEC, INC
> **$2.84M** approved 04/04/2020 · Paid in Full · Loan `4906377005`
## Borrower
- **Name:** WELD SPEC, INC
- **Address:** 3314 HIGHWAY 69 S, LUMBERTON, TX, 77657-8248
- **NAICS:** 561990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.84M
- **Initial approval:** $2.84M
- **Forgiven:** $2.87M (101%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.84M
- **Jobs reported:** 148
## Lender
- **Originating:** Third Coast Bank
- **Servicing:** Third Coast Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*