# PPP loan: VPEX MOTOR COMPANY
> **$740K** approved 04/12/2020 · Paid in Full · Loan `3850827102`
## Borrower
- **Name:** VPEX MOTOR COMPANY
- **Address:** 130 SHELBURNE ROAD, SOUTH BURLINGTON, VT, 05403
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $740K
- **Initial approval:** $740K
- **Forgiven:** $749K (101%)
- **Forgiveness date:** 07/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $740K
- **Jobs reported:** 52
## Lender
- **Originating:** TD Bank, National Association
- **Servicing:** TD Bank, National Association (DE)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*