# PPP loan: PAUL'S WELDING, INC.
> **$734K** approved 04/07/2020 · Paid in Full · Loan `7281717003`
## Borrower
- **Name:** PAUL'S WELDING, INC.
- **Address:** 7930 W 1000 N, NAPPANEE, IN, 46550-8795
- **NAICS:** 811310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $734K
- **Initial approval:** $734K
- **Forgiven:** $741K (101%)
- **Forgiveness date:** 03/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $717K
- **Utilities:** $17K
- **Jobs reported:** 69
## Lender
- **Originating:** Lake City Bank
- **Servicing:** Lake City Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*