# PPP loan: WELSH CONSTRUCTION INCORPORATED
> **$225K** approved 04/06/2020 · Paid in Full · Loan `5998317010`
## Borrower
- **Name:** WELSH CONSTRUCTION INCORPORATED
- **Address:** 15 N. RANDOLPH ST, LEXINGTON, VA, 24450-2507
- **NAICS:** 236115
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $225K
- **Initial approval:** $225K
- **Forgiven:** $226K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $214K
- **Rent:** $8K
- **Utilities:** $3K
- **Jobs reported:** 22
## Lender
- **Originating:** Cornerstone Bank
- **Servicing:** Cornerstone Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*