Webster Industries, INC

$4,234,100 PPP Loan in Tiffin, Ohio

Loan Details

Loan Number
5056007007
Date Approved
Apr 4, 2020
Loan Status
Paid in Full
Initial Approval
$4,234,100
Current Approval
$4,234,100
Forgiveness Amount
$3,909,066
Forgiveness Date
May 27, 2021
Term
59 months
Draw
First Draw

Business Information

Business Name
Webster Industries, INC
Address
325 Hall St
City
Tiffin
State
Ohio
ZIP Code
44883-1419
Business Type
Employee Stock Ownership Plan(esop)
Industry (NAICS)
Manufacturing (333922)
Business Age
Existing or more than 2 years old
Jobs Reported
257
Estimated Revenue
$67.3M
Rural/Urban
Rural
Congressional District
OH-05

Loan Use Breakdown

Payroll
$3,919,100
Rent
$39,000
Utilities
$240,000
Debt Interest
$36,000

Lender Information

Servicing Lender
Commerce Bank
Originating Lender
Commerce Bank

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