# PPP loan: PLAINS WELDING SUPPLY INC.
> **$304K** approved 01/28/2021 · Paid in Full · Loan `7461708309`
## Borrower
- **Name:** PLAINS WELDING SUPPLY INC.
- **Address:** 522 S Main St, Carlsbad, NM, 88220-6241
- **NAICS:** 454310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $304K
- **Initial approval:** $304K
- **Forgiven:** $305K (101%)
- **Forgiveness date:** 08/18/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $304K
- **Utilities:** $1
- **Jobs reported:** 19
## Lender
- **Originating:** First American Bank
- **Servicing:** First American Bank (NM)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*