# PPP loan: FOLTZ WELDING, LTD
> **$3.71M** approved 04/06/2020 · Paid in Full · Loan `6194097004`
## Borrower
- **Name:** FOLTZ WELDING, LTD
- **Address:** 501 E CLINTON AVE, PATOKA, IL, 62875-1153
- **NAICS:** 237120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.71M
- **Initial approval:** $3.71M
- **Forgiven:** $3.75M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.71M
- **Jobs reported:** 113
## Lender
- **Originating:** CIBC Bank USA
- **Servicing:** CIBC Bank USA (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*