# PPP loan: WINGATE PACKAGING INC.
> **$1.50M** approved 04/05/2020 · Paid in Full · Loan `5322627009`
## Borrower
- **Name:** WINGATE PACKAGING INC.
- **Address:** 2550 KENSKILL AVE, WASHINGTON COURT HOUSE, OH, 43160-9309
- **NAICS:** 561910
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.50M
- **Initial approval:** $1.50M
- **Forgiven:** $1.52M (101%)
- **Forgiveness date:** 06/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.25M
- **Mortgage interest:** $150K
- **Utilities:** $100K
- **Jobs reported:** 143
## Lender
- **Originating:** The Merchants National Bank
- **Servicing:** The Merchants National Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*