# PPP loan: SMITH & SONS CONSTRUCTION-WELD
> **$386K** approved 04/06/2020 · Paid in Full · Loan `6136247003`
## Borrower
- **Name:** SMITH & SONS CONSTRUCTION-WELD
- **Address:** 2705 NW County Rd, HOBBS, NM, 88240-9214
- **NAICS:** 213112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $386K
- **Initial approval:** $386K
- **Forgiven:** $345K (89%)
- **Forgiveness date:** 11/04/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $321K
- **Rent:** $14K
- **Utilities:** $7K
- **Health care:** $43K
- **Jobs reported:** 23
## Lender
- **Originating:** Lea County State Bank
- **Servicing:** Lea County State Bank (NM)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*