Big hearted Mossley residents raised more than £4,000 for workers at R Etchells & Sons who were thrown on the dole in Christmas week.
Fund organiser Wendy Kirkbride now hopes the money can be distributed in early January.
The stunned workforce of around 20 were only informed of the job losses on December 19. They were told to leave immediately without holiday pay or overtime.
Leonard Curtis business rescue and recovery company are thought to have been appointed as administrators.
Wendy, who works at All Saints School, Micklehurst, set a £4,000 target and has now confirmed the final total of £4,161.
Writing on social media Wendy said:”The total after the Go FundMe fees are £3,790.11 which stings a bit. But unfortunately nothing we can do about it.
“The payment is set to hit bank account on or around 07/01/17. Wish it could have been earlier and more.
“Once again thank you for all your support.”
Staff from Mossley Fire Station and the Rising Sun on Stockport Road were among 180 individuals and groups to donate funds.
Irene Cullen pledged £100 saying: “To all the lads at Etchells from all at Airtec Air Systems (Unit 5) Thanks for all the favours you have done from us over the past couple of years!”
Etchells, manufacturers of fireplaces and fire surrounds, operated from two sites: at Vale Mill on Micklehurst Road and at the Glover Centre on Egmont Street.
In 2015, the firm was taken over by the HLD Group. The firm’s registered office at Companies House is listed in Leicestershire. They refused to comment on the redundancy or the future of the company.