# PPP loan: WELTER STORAGE EQUIPMENT COMPANY, INC.
> **$448K** approved 04/06/2020 · Paid in Full · Loan `6340687003`
## Borrower
- **Name:** WELTER STORAGE EQUIPMENT COMPANY, INC.
- **Address:** 1052 MAIN ST, MONTICELLO, IA, 52310-7708
- **NAICS:** 493110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $448K
- **Initial approval:** $448K
- **Forgiven:** $451K (101%)
- **Forgiveness date:** 11/12/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $448K
- **Jobs reported:** 47
## Lender
- **Originating:** Ohnward Bank & Trust
- **Servicing:** Ohnward Bank & Trust (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*