# PPP loan: VERSATECH, LLC
> **$1.16M** approved 01/16/2021 · Paid in Full · Loan `1249148302`
## Borrower
- **Name:** VERSATECH, LLC
- **Address:** 1609 W Wernsing Ave, Effingham, IL, 62401-4213
- **NAICS:** 551112
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.16M
- **Initial approval:** $1.16M
- **Forgiven:** $1.17M (100%)
- **Forgiveness date:** 06/16/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.16M
- **Utilities:** $1
- **Jobs reported:** 77
## Lender
- **Originating:** Kinmundy Bank
- **Servicing:** Kinmundy Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*