# PPP loan: VANAIRE, INC.
> **$1.04M** approved 04/10/2020 · Paid in Full · Loan `2141107101`
## Borrower
- **Name:** VANAIRE, INC.
- **Address:** 840 CLARK DR, GLADSTONE, MI, 49837-8966
- **NAICS:** 332911
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.04M
- **Initial approval:** $1.04M
- **Forgiven:** $1.05M (101%)
- **Forgiveness date:** 01/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $999K
- **Rent:** $32K
- **Utilities:** $10K
- **Jobs reported:** 78
## Lender
- **Originating:** Upper Peninsula State Bank
- **Servicing:** Upper Peninsula State Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*