# PPP loan: VELPEN TRUCKING & DISPOSAL CO. INC.
> **$240K** approved 04/11/2020 · Paid in Full · Loan `3006917110`
## Borrower
- **Name:** VELPEN TRUCKING & DISPOSAL CO. INC.
- **Address:** 3980 S STATE ROAD 257, VELPEN, IN, 47590-8829
- **NAICS:** 562119
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $240K
- **Initial approval:** $240K
- **Forgiven:** $242K (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $240K
- **Jobs reported:** 23
## Lender
- **Originating:** Freedom Bank
- **Servicing:** Freedom Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*