# PPP loan: BAILEY'S WELDING SERVICE, INC.
> **$233K** approved 04/09/2020 · Paid in Full · Loan `9913207001`
## Borrower
- **Name:** BAILEY'S WELDING SERVICE, INC.
- **Address:** 505 RD 350, FARMINGTON, NM, 87401-1469
- **NAICS:** 238910
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $233K
- **Initial approval:** $233K
- **Forgiven:** $236K (101%)
- **Forgiveness date:** 05/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $206K
- **Rent:** $18K
- **Mortgage interest:** $7K
- **Utilities:** $2K
- **Jobs reported:** 15
## Lender
- **Originating:** The Citizens Bank
- **Servicing:** The Citizens Bank (NM)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*