# PPP loan: VAUSE EQUIPMENT COMPANY, INC.
> **$198K** approved 04/27/2020 · Paid in Full · Loan `4415077200`
## Borrower
- **Name:** VAUSE EQUIPMENT COMPANY, INC.
- **Address:** 1013 GILLESPIE ST, FAYETTEVILLE, NC, 28306-1549
- **NAICS:** 532490
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $198K
- **Initial approval:** $198K
- **Forgiven:** $200K (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $198K
- **Jobs reported:** 15
## 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*