# PPP loan: NEW BEDFORD WELDING SUPPLY INC
> **$413K** approved 04/09/2020 · Paid in Full · Loan `9158937003`
## Borrower
- **Name:** NEW BEDFORD WELDING SUPPLY INC
- **Address:** 286 Herman Melville Blvd, NEW BEDFORD, MA, 02740-7325
- **NAICS:** 423830
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $413K
- **Initial approval:** $413K
- **Forgiven:** $418K (101%)
- **Forgiveness date:** 05/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $413K
- **Jobs reported:** 37
## Lender
- **Originating:** BayCoast Bank
- **Servicing:** BayCoast Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*