# PPP loan: WELLS ENGINEERING PSC
> **$271K** approved 04/07/2020 · Paid in Full · Loan `6530037008`
## Borrower
- **Name:** WELLS ENGINEERING PSC
- **Address:** 6900 Houston Road, Ste 38, FLORENCE, KY, 41042-4883
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $271K
- **Initial approval:** $271K
- **Forgiven:** $273K (101%)
- **Forgiveness date:** 12/31/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $220K
- **Rent:** $5K
- **Mortgage interest:** $5K
- **Utilities:** $2K
- **Health care:** $23K
- **Debt interest:** $16K
- **Jobs reported:** 18
## Lender
- **Originating:** Stock Yards Bank and Trust Company
- **Servicing:** Stock Yards Bank & Trust Company (KY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*