# PPP loan: AMERICAN FRICTION WELDING INC
> **$384K** approved 04/07/2020 · Paid in Full · Loan `7357447002`
## Borrower
- **Name:** AMERICAN FRICTION WELDING INC
- **Address:** 505 Northview Rd, WAUKESHA, WI, 53188-5984
- **NAICS:** 333999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $384K
- **Initial approval:** $384K
- **Forgiven:** $388K (101%)
- **Forgiveness date:** 03/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $288K
- **Rent:** $96K
- **Jobs reported:** 26
## Lender
- **Originating:** Town Bank, National Association
- **Servicing:** Town Bank, National Association (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*