Wolberg Electrical Supply Co.

$813,270 PPP Loan in Albany, New York

Loan Details

Loan Number
8732307101
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$813,270
Current Approval
$813,270
Forgiveness Amount
$819,954
Forgiveness Date
Feb 18, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Wolberg Electrical Supply Co.
Address
35 Industrial Park Road
City
Albany
ZIP Code
12206
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (423610)
Business Age
Existing or more than 2 years old
Jobs Reported
81
Estimated Revenue
$24.8M
Rural/Urban
Urban
Congressional District
NY-20

Loan Use Breakdown

Payroll
$716,713
Rent
$44,640
Utilities
$7,917
Health Care
$31,000
Debt Interest
$13,000

Lender Information

Servicing Lender
Manufacturers and Traders Trust Company
Originating Lender
Manufacturers and Traders Trust Company

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