# PPP loan: WEL-DESIGN ALARM SYSTEMS, INC
> **$378K** approved 04/09/2020 · Paid in Full · Loan `9283147001`
## Borrower
- **Name:** WEL-DESIGN ALARM SYSTEMS, INC
- **Address:** 2 weston st, WILBRAHAM, MA, 01095-1031
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $378K
- **Initial approval:** $378K
- **Forgiven:** $382K (101%)
- **Forgiveness date:** 07/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $378K
- **Jobs reported:** 20
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*