# PPP loan: WELCH MANUFACTURING TECHNOLOGIES LTD.
> **$308K** approved 01/25/2021 · Paid in Full · Loan `5763008307`
## Borrower
- **Name:** WELCH MANUFACTURING TECHNOLOGIES LTD.
- **Address:** 516 Province Rd, Laconia, NH, 03246-1329
- **NAICS:** 332710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $308K
- **Initial approval:** $308K
- **Forgiven:** $311K (101%)
- **Forgiveness date:** 02/08/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $308K
- **Utilities:** $1
- **Jobs reported:** 28
## Lender
- **Originating:** Bank of New Hampshire
- **Servicing:** Bank of New Hampshire (NH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*