# PPP loan: WOOLACE ELECTRIC CORP
> **$810K** approved 04/06/2020 · Paid in Full · Loan `6302467006`
## Borrower
- **Name:** WOOLACE ELECTRIC CORP
- **Address:** 01978 Co Rd 22/A, STRYKER, OH, 43557
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $810K
- **Initial approval:** $810K
- **Forgiven:** $814K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $810K
- **Jobs reported:** 44
## Lender
- **Originating:** The Farmers & Merchants State Bank
- **Servicing:** The Farmers & Merchants State Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*