# PPP loan: VECTORFORM LLC
> **$1.27M** approved 05/01/2020 · Paid in Full · Loan `1963297705`
## Borrower
- **Name:** VECTORFORM LLC
- **Address:** 123 W 5TH ST, ROYAL OAK, MI, 48067
- **NAICS:** 541512
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.27M
- **Initial approval:** $1.27M
- **Forgiven:** $1.28M (101%)
- **Forgiveness date:** 07/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $972K
- **Rent:** $175K
- **Utilities:** $23K
- **Health care:** $90K
- **Debt interest:** $6K
- **Jobs reported:** 68
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*