# PPP loan: WOLBERG ELECTRICAL SUPPLY CO.
> **$965K** approved 02/19/2021 · Paid in Full · Loan `1485928509`
## Borrower
- **Name:** WOLBERG ELECTRICAL SUPPLY CO.
- **Address:** 35 Industrial Park Rd, Albany, NY, 12206-2021
- **NAICS:** 423610
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $965K
- **Initial approval:** $965K
- **Forgiven:** $969K (100%)
- **Forgiveness date:** 08/23/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $965K
- **Utilities:** $1
- **Jobs reported:** 81
## 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*