# PPP loan: J&L WELDING AND MACHINE INC.
> **$313K** approved 02/17/2021 · Paid in Full · Loan `9641768410`
## Borrower
- **Name:** J&L WELDING AND MACHINE INC.
- **Address:** 19 Arthur St, Gloucester, MA, 01930-2736
- **NAICS:** 332439
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $313K
- **Initial approval:** $313K
- **Forgiven:** $315K (101%)
- **Forgiveness date:** 12/08/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $312K
- **Utilities:** $1
- **Jobs reported:** 28
## Lender
- **Originating:** Cape Ann Savings Bank
- **Servicing:** Cape Ann Savings Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*