# PPP loan: JONES MACHINE & WELDING CO. INC
> **$489K** approved 04/08/2021 · Paid in Full · Loan `8902338709`
## Borrower
- **Name:** JONES MACHINE & WELDING CO. INC
- **Address:** 309 Plant St, Oakman, AL, 35579-2801
- **NAICS:** 332999
- **Business type:** Employee Stock Ownership Plan(ESOP)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $489K
- **Initial approval:** $489K
- **Forgiven:** $493K (101%)
- **Forgiveness date:** 03/28/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $489K
- **Jobs reported:** 41
## Lender
- **Originating:** ServisFirst Bank
- **Servicing:** ServisFirst Bank (AL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*