# PPP loan: GEHRKE WELDING, LLC DBA
> **$162K** approved 04/06/2020 · Paid in Full · Loan `6413817007`
## Borrower
- **Name:** GEHRKE WELDING, LLC DBA
- **Address:** 502 MINNIE ST, PAYNESVILLE, MN, 56362-1523
- **NAICS:** 332313
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $162K
- **Initial approval:** $137K
- **Forgiven:** $163K (101%)
- **Forgiveness date:** 03/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $135K
- **Rent:** $22K
- **Utilities:** $5K
- **Jobs reported:** 15
## Lender
- **Originating:** Magnifi Financial CU
- **Servicing:** Magnifi Financial CU (MN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*