# PPP loan: JC CUSTOM WELDING & ELECTRIC INC
> **$1.71M** approved 04/06/2020 · Paid in Full · Loan `6034037009`
## Borrower
- **Name:** JC CUSTOM WELDING & ELECTRIC INC
- **Address:** 489 AMOS WAY, BEMIDJI, MN, 56601-4370
- **NAICS:** 811310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.71M
- **Initial approval:** $1.71M
- **Forgiven:** $1.72M (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.71M
- **Jobs reported:** 123
## Lender
- **Originating:** The First National Bank of Bemidji
- **Servicing:** The First National Bank of Bemidji (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*