# PPP loan: BAILEYS WELDING SERVICE INC
> **$234K** approved 01/27/2021 · Paid in Full · Loan `6575858301`
## Borrower
- **Name:** BAILEYS WELDING SERVICE INC
- **Address:** 5882 US 64, Farmington, NM, 87401-1555
- **NAICS:** 333992
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $234K
- **Initial approval:** $234K
- **Forgiven:** $236K (101%)
- **Forgiveness date:** 03/21/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $234K
- **Utilities:** $1
- **Jobs reported:** 20
## Lender
- **Originating:** The Citizens Bank
- **Servicing:** The Citizens Bank (NM)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*