# PPP loan: R & M WELDING INC.
> **$446K** approved 04/14/2020 · Charged Off · Loan `7038207101`
## Borrower
- **Name:** R & M WELDING INC.
- **Address:** 520 WINTON CIRCLE, ROCK SPRINGS, WY, 82901-2830
- **NAICS:** 333992
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $446K
- **Initial approval:** $446K
- **Forgiven:** $356K (80%)
- **Forgiveness date:** 06/15/2021
- **Status:** Charged Off
- **Term:** 12 months
## Use of funds
- **Payroll:** $446K
- **Jobs reported:** 7
## Lender
- **Originating:** RSNB Bank
- **Servicing:** RSNB Bank (WY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*