# PPP loan: THE WELDING SHOP INC
> **$378K** approved 04/13/2020 · Paid in Full · Loan `5666587101`
## Borrower
- **Name:** THE WELDING SHOP INC
- **Address:** 2434 STEESE HWY, FOX, AK, 99712
- **NAICS:** 331210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $378K
- **Initial approval:** $378K
- **Forgiven:** $381K (101%)
- **Forgiveness date:** 02/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $302K
- **Rent:** $64K
- **Utilities:** $12K
- **Jobs reported:** 29
## Lender
- **Originating:** First National Bank Alaska
- **Servicing:** First National Bank Alaska (AK)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*