# PPP loan: WAIBEL ENERGY SYSTEMS, INC.
> **$1.96M** approved 04/09/2020 · Paid in Full · Loan `1037957104`
## Borrower
- **Name:** WAIBEL ENERGY SYSTEMS, INC.
- **Address:** 815 FALLS CREEK DR, VANDALIA, OH, 45377-9695
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.96M
- **Initial approval:** $1.96M
- **Forgiven:** $1.98M (101%)
- **Forgiveness date:** 08/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.47M
- **Utilities:** $490K
- **Jobs reported:** 100
## Lender
- **Originating:** WesBanco Bank, Inc.
- **Servicing:** WesBanco Bank, Inc. (WV)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*