# PPP loan: OSBORNE WELDING, INC
> **$385K** approved 04/09/2020 · Paid in Full · Loan `8980137010`
## Borrower
- **Name:** OSBORNE WELDING, INC
- **Address:** 9 Beechwood Court, PORTSMOUTH, VA, 23702-2313
- **NAICS:** 811310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $385K
- **Initial approval:** $385K
- **Forgiven:** $389K (101%)
- **Forgiveness date:** 02/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $314K
- **Rent:** $22K
- **Utilities:** $7K
- **Health care:** $36K
- **Debt interest:** $7K
- **Jobs reported:** 38
## Lender
- **Originating:** Blue Ridge Bank National Association
- **Servicing:** Blue Ridge Bank, National Association (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*