# PPP loan: JAMES J. WELCH & CO., INC.
> **$316K** approved 04/06/2020 · Paid in Full · Loan `6020757001`
## Borrower
- **Name:** JAMES J. WELCH & CO., INC.
- **Address:** 27 Congress Street Suite 503, SALEM, MA, 01970-5510
- **NAICS:** 236115
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $316K
- **Initial approval:** $316K
- **Forgiven:** $319K (101%)
- **Forgiveness date:** 03/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $316K
- **Jobs reported:** 23
## Lender
- **Originating:** The National Grand Bank of Marblehead
- **Servicing:** The National Grand Bank of Marblehead (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*