# PPP loan: IN & OUT WELDERS INCORPORATED
> **$291K** approved 05/29/2020 · Paid in Full · Loan `5094327805`
## Borrower
- **Name:** IN & OUT WELDERS INCORPORATED
- **Address:** 568 MCCAIG RD, LINCOLN, AL, 35096-4855
- **NAICS:** 332111
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $291K
- **Initial approval:** $291K
- **Forgiven:** $293K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $265K
- **Utilities:** $24K
- **Health care:** $2K
- **Jobs reported:** 48
## Lender
- **Originating:** Community Bank of Mississippi
- **Servicing:** Community Bank of Mississippi (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*