# PPP loan: WOLGAST CORPORATION
> **$2.37M** approved 04/03/2020 · Paid in Full · Loan `4365637007`
## Borrower
- **Name:** WOLGAST CORPORATION
- **Address:** 4835 TOWNE CENTRE RD, SAGINAW, MI, 48604-2810
- **NAICS:** 236220
- **Business type:** Employee Stock Ownership Plan(ESOP)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.37M
- **Initial approval:** $2.37M
- **Forgiven:** $2.38M (101%)
- **Forgiveness date:** 01/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.89M
- **Rent:** $54K
- **Utilities:** $20K
- **Health care:** $400K
- **Jobs reported:** 135
## Lender
- **Originating:** 1st State Bank
- **Servicing:** 1st State Bank (MI)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*