# PPP loan: VERNER, INC.
> **$550K** approved 04/15/2020 · Paid in Full · Loan `1914607205`
## Borrower
- **Name:** VERNER, INC.
- **Address:** 2586 Riceville Road, ASHEVILLE, NC, 28805
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $550K
- **Initial approval:** $550K
- **Forgiven:** $556K (101%)
- **Forgiveness date:** 06/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $550K
- **Jobs reported:** 80
## Lender
- **Originating:** First-Citizens Bank & Trust Company
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*