# PPP loan: WELDING INDUSTRIAL SUPPLY COMPANY
> **$1.06M** approved 04/14/2020 · Paid in Full · Loan `6643377110`
## Borrower
- **Name:** WELDING INDUSTRIAL SUPPLY COMPANY
- **Address:** 2200 No Western Ave 0.0, Chicago, IL, 60647-3123
- **NAICS:** 423840
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.06M
- **Initial approval:** $1.06M
- **Forgiven:** $1.07M (101%)
- **Forgiveness date:** 07/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $902K
- **Rent:** $23K
- **Utilities:** $7K
- **Health care:** $122K
- **Debt interest:** $6K
- **Jobs reported:** 65
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*