# PPP loan: THE WOLCOTT GROUP INC.
> **$506K** approved 04/10/2020 · Paid in Full · Loan `1956907101`
## Borrower
- **Name:** THE WOLCOTT GROUP INC.
- **Address:** 935 W. 5CHESTNUT ST, CHICAGO, IL, 60642-5441
- **NAICS:** 531311
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $506K
- **Initial approval:** $506K
- **Forgiven:** $510K (101%)
- **Forgiveness date:** 12/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $506K
- **Jobs reported:** 28
## Lender
- **Originating:** Old Second National Bank
- **Servicing:** Old Second National Bank (IL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*