# PPP loan: WOODEX BEARING COMPANY, INC.
> **$337K** approved 04/07/2020 · Paid in Full · Loan `6837317003`
## Borrower
- **Name:** WOODEX BEARING COMPANY, INC.
- **Address:** 216 Bay Point Rd, GEORGETOWN, ME, 04548-3509
- **NAICS:** 332991
- **Business type:** Employee Stock Ownership Plan(ESOP)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $337K
- **Initial approval:** $337K
- **Forgiven:** $339K (101%)
- **Forgiveness date:** 11/12/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $337K
- **Jobs reported:** 30
## Lender
- **Originating:** Bangor Savings Bank
- **Servicing:** Bangor Savings Bank (ME)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*