# PPP loan: GWG WOOD GROUP, INC.
> **$544K** approved 04/06/2020 · Paid in Full · Loan `6352997010`
## Borrower
- **Name:** GWG WOOD GROUP, INC.
- **Address:** 2797 MILLER FERRY RD, FERRIS, TX, 75125-8920
- **NAICS:** 113310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $544K
- **Initial approval:** $544K
- **Forgiven:** $547K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $408K
- **Rent:** $107K
- **Utilities:** $29K
- **Jobs reported:** 48
## Lender
- **Originating:** Texas Security Bank
- **Servicing:** Texas Security Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*