# PPP loan: WELLONS CONSTRUCTION INC
> **$1.31M** approved 04/08/2020 · Paid in Full · Loan `7967737003`
## Borrower
- **Name:** WELLONS CONSTRUCTION INC
- **Address:** 510 N Powell Ave, DUNN, NC, 28334-4538
- **NAICS:** 236220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.31M
- **Initial approval:** $1.31M
- **Forgiven:** $1.32M (101%)
- **Forgiveness date:** 12/15/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.31M
- **Jobs reported:** 119
## Lender
- **Originating:** The Fidelity Bank
- **Servicing:** The Fidelity Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*