# PPP loan: METAL FLEX WELDED BELLOWS INC
> **$362K** approved 04/07/2020 · Paid in Full · Loan `7240597008`
## Borrower
- **Name:** METAL FLEX WELDED BELLOWS INC
- **Address:** 149 LAKEMONT RD, NEWPORT, VT, 05855-9453
- **NAICS:** 811310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $362K
- **Initial approval:** $362K
- **Forgiven:** $364K (101%)
- **Forgiveness date:** 11/25/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $307K
- **Rent:** $3K
- **Utilities:** $9K
- **Health care:** $39K
- **Debt interest:** $4K
- **Jobs reported:** 29
## Lender
- **Originating:** Passumpsic Savings Bank
- **Servicing:** Passumpsic Savings Bank (VT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*