# PPP loan: WOLGAST CORPORATION ESOP TRUST
> **$2.00M** approved 01/17/2021 · Paid in Full · Loan `1364718302`
## Borrower
- **Name:** WOLGAST CORPORATION ESOP TRUST
- **Address:** 4835 Towne Centre Rd, Saginaw, MI, 48604-2829
- **NAICS:** 236220
- **Business type:** Employee Stock Ownership Plan(ESOP)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.00M
- **Initial approval:** $2.00M
- **Forgiven:** $2.01M (100%)
- **Forgiveness date:** 07/28/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $2.00M
- **Utilities:** $1
- **Jobs reported:** 124
## Lender
- **Originating:** 1st State Bank
- **Servicing:** 1st State Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*