PPP Loan information for Wolgast corporation esop trust

$2,000,000

Wolgast corporation esop trust was initially approved for PPP Loan of amount $2,000,000, the current approved amount is $2,000,000. The loan was approved on 01/17/2021 by The 1st State Bank reported 124 jobs and $2,000,000 was used to fund payroll.

Wolgast corporation esop trust is Existing or more than 2 years old

PPP Loan Search / MI / Saginaw / Wolgast corporation esop trust

WOLGAST CORPORATION ESOP TRUST

Date Approved

01/17/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

WOLGAST CORPORATION ESOP TRUST

Borrower Address

4835 Towne Centre Rd

Borrower City

Saginaw

Borrower State

MI

Borrower Zip

48604-2829

Loan Status Date

08/11/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

2000000.00

Current Approval Amount

2000000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

378002

Servicing Lender Name

1st State Bank

Servicing Lender Address

4800 Fashion Square Blvd, Ste 100

Servicing Lender City

SAGINAW

Servicing Lender State

MI

Servicing Lender Zip

48604-2619

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Saginaw

Project County Name

SAGINAW

Project State

MI

Project Zip

48604-2829

CD

MI-08

Jobs Reported

124

NAICS Code

236220

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

1999996.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Employee Stock Ownership Plan(ESOP)

Originating Lender Location Id

378002

Originating Lender

1st State Bank

Originating Lender City

SAGINAW

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2009944.44

Forgiveness Date

07/28/2021

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