# PPP loan: PLAINS WELDING SUPPLY, INC.
> **$344K** approved 04/08/2020 · Paid in Full · Loan `8044627001`
## 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:** $344K
- **Initial approval:** $344K
- **Forgiven:** $346K (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $344K
- **Jobs reported:** 17
## Lender
- **Originating:** First American Bank
- **Servicing:** First American Bank (NM)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*