# PPP loan: JONES WELDING COMPANY, INC.
> **$436K** approved 04/07/2020 · Paid in Full · Loan `7549417009`
## Borrower
- **Name:** JONES WELDING COMPANY, INC.
- **Address:** 1926 TELEGRAPH RD, MOBILE, AL, 36610-4142
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $436K
- **Initial approval:** $436K
- **Forgiven:** $439K (101%)
- **Forgiveness date:** 01/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $327K
- **Rent:** $22K
- **Mortgage interest:** $22K
- **Utilities:** $22K
- **Health care:** $22K
- **Debt interest:** $22K
- **Jobs reported:** 48
## Lender
- **Originating:** Oakworth Capital Bank
- **Servicing:** Oakworth Capital Bank (AL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*