# PPP loan: NEUMANN WELDING INC
> **$826K** approved 02/11/2021 · Paid in Full · Loan `7172528405`
## Borrower
- **Name:** NEUMANN WELDING INC
- **Address:** 192 County Road 2401, Ganado, TX, 77962-8568
- **NAICS:** 238190
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $826K
- **Initial approval:** $826K
- **Forgiven:** $832K (101%)
- **Forgiveness date:** 12/14/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $826K
- **Utilities:** $1
- **Jobs reported:** 50
## Lender
- **Originating:** The First State Bank
- **Servicing:** The First State Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*