# PPP loan: BAY WELDING SERVICES INC
> **$491K** approved 01/25/2021 · Paid in Full · Loan `5540588309`
## Borrower
- **Name:** BAY WELDING SERVICES INC
- **Address:** 3301 E End Rd, Homer, AK, 99603-9477
- **NAICS:** 336612
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $491K
- **Initial approval:** $491K
- **Forgiven:** $494K (101%)
- **Forgiveness date:** 08/13/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $491K
- **Utilities:** $1
- **Jobs reported:** 40
## Lender
- **Originating:** Northrim Bank
- **Servicing:** Northrim Bank (AK)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*