# PPP loan: VANTEC, INC
> **$1.88M** approved 04/03/2020 · Paid in Full · Loan `4564917000`
## Borrower
- **Name:** VANTEC, INC
- **Address:** 205 CLOZ DRIVE, WEBSTER CITY, IA, 50595-3205
- **NAICS:** 326199
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.88M
- **Initial approval:** $2.05M
- **Forgiven:** $1.89M (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.88M
- **Jobs reported:** 196
## Lender
- **Originating:** First State Bank
- **Servicing:** First State Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*