# PPP loan: ABLE WELDBUILT INDUSTRIES
> **$169K** approved 04/14/2020 · Paid in Full · Loan `7261947103`
## Borrower
- **Name:** ABLE WELDBUILT INDUSTRIES
- **Address:** 1050 Grand Boulevard, Deer Park, NY, 11729
- **NAICS:** 336211
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $169K
- **Initial approval:** $169K
- **Forgiven:** $170K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $150K
- **Rent:** $10K
- **Health care:** $9K
- **Jobs reported:** 12
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*