# PPP loan: WELTSCH EQUIPMENT INC
> **$231K** approved 04/08/2020 · Paid in Full · Loan `7717237003`
## Borrower
- **Name:** WELTSCH EQUIPMENT INC
- **Address:** 1615 EAST BRIDGE ST, REDWOOD FALLS, MN, 56283-1934
- **NAICS:** 423820
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $231K
- **Initial approval:** $131K
- **Forgiven:** $232K (101%)
- **Forgiveness date:** 01/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $231K
- **Jobs reported:** 16
## Lender
- **Originating:** HomeTown Bank
- **Servicing:** HomeTown Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*