# PPP loan: WOLBERG ELECTRICAL SUPPLY CO.
> **$813K** approved 04/15/2020 · Paid in Full · Loan `8732307101`
## Borrower
- **Name:** WOLBERG ELECTRICAL SUPPLY CO.
- **Address:** 35 Industrial Park Road, Albany, NY, 12206
- **NAICS:** 423610
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $813K
- **Initial approval:** $813K
- **Forgiven:** $820K (101%)
- **Forgiveness date:** 02/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $717K
- **Rent:** $45K
- **Utilities:** $8K
- **Health care:** $31K
- **Debt interest:** $13K
- **Jobs reported:** 81
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*