# PPP loan: WOLFE MECHANICAL & EQUIPMENT CO., INC
> **$496K** approved 04/04/2020 · Paid in Full · Loan `4911977002`
## Borrower
- **Name:** WOLFE MECHANICAL & EQUIPMENT CO., INC
- **Address:** 423 Hwy 601 South, LUGOFF, SC, 29078
- **NAICS:** 332312
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $496K
- **Initial approval:** $496K
- **Forgiven:** $502K (101%)
- **Forgiveness date:** 05/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $425K
- **Mortgage interest:** $29K
- **Utilities:** $10K
- **Health care:** $32K
- **Jobs reported:** 37
## Lender
- **Originating:** First Palmetto Bank
- **Servicing:** First Palmetto Bank (SC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*