# PPP loan: VEITH ENTERPRISES, INC.
> **$647K** approved 04/09/2020 · Paid in Full · Loan `1012597107`
## Borrower
- **Name:** VEITH ENTERPRISES, INC.
- **Address:** 130 SALT POINT TPKE, POUGHKEEPSIE, NY, 12603-1016
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $647K
- **Initial approval:** $647K
- **Forgiven:** $652K (101%)
- **Forgiveness date:** 01/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $647K
- **Jobs reported:** 100
## Lender
- **Originating:** Rhinebeck Bank
- **Servicing:** Rhinebeck Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*