# PPP loan: KENT WELDING INC
> **$318K** approved 04/07/2020 · Paid in Full · Loan `7080287009`
## Borrower
- **Name:** KENT WELDING INC
- **Address:** 1387 CHESTERVILLE RD, MINERAL WELLS, WV, 26150-6067
- **NAICS:** 238190
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $318K
- **Initial approval:** $318K
- **Forgiven:** $322K (101%)
- **Forgiveness date:** 08/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $239K
- **Rent:** $80K
- **Jobs reported:** 37
## Lender
- **Originating:** Peoples Bank
- **Servicing:** Peoples Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*