# PPP loan: WEBSTER INDUSTRIES, INC
> **$4.23M** approved 04/04/2020 · Paid in Full · Loan `5056007007`
## Borrower
- **Name:** WEBSTER INDUSTRIES, INC
- **Address:** 325 HALL ST, TIFFIN, OH, 44883-1419
- **NAICS:** 333922
- **Business type:** Employee Stock Ownership Plan(ESOP)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.23M
- **Initial approval:** $4.23M
- **Forgiven:** $3.91M (92%)
- **Forgiveness date:** 05/27/2021
- **Status:** Paid in Full
- **Term:** 59 months
## Use of funds
- **Payroll:** $3.92M
- **Rent:** $39K
- **Utilities:** $240K
- **Debt interest:** $36K
- **Jobs reported:** 257
## Lender
- **Originating:** Commerce Bank
- **Servicing:** Commerce Bank (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*