# PPP loan: R & M WELTY INC
> **$634K** approved 04/13/2020 · Paid in Full · Loan `5579957107`
## Borrower
- **Name:** R & M WELTY INC
- **Address:** 4065 189TH LN NW, OAK GROVE, MN, 55303-9001
- **NAICS:** 623312
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $634K
- **Initial approval:** $634K
- **Forgiven:** $644K (101%)
- **Forgiveness date:** 10/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $634K
- **Jobs reported:** 100
## Lender
- **Originating:** Village Bank
- **Servicing:** Village Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*