# PPP loan: ALLOY WELDING CO INC
> **$153K** approved 04/13/2020 · Paid in Full · Loan `5579067100`
## Borrower
- **Name:** ALLOY WELDING CO INC
- **Address:** 6 A CULNEN DR, BRANCHBURG, NJ, 08876-5400
- **NAICS:** 332312
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $153K
- **Initial approval:** $153K
- **Forgiven:** $154K (101%)
- **Forgiveness date:** 03/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $123K
- **Utilities:** $31K
- **Jobs reported:** 10
## Lender
- **Originating:** Fulton Bank, National Association
- **Servicing:** Fulton Bank, National Association (PA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*