# PPP loan: WELCH'S BOILER SERVICE INC.
> **$264K** approved 02/10/2021 · Paid in Full · Loan `6036138407`
## Borrower
- **Name:** WELCH'S BOILER SERVICE INC.
- **Address:** 6060 Isleta Blvd SW, Albuquerque, NM, 87105-6632
- **NAICS:** 236115
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $264K
- **Initial approval:** $264K
- **Forgiven:** $265K (101%)
- **Forgiveness date:** 11/19/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $264K
- **Utilities:** $1
- **Jobs reported:** 22
## Lender
- **Originating:** Cross River Bank
- **Servicing:** Cross River Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*