# PPP loan: VERNDALE PRODUCTS, INC.
> **$1.24M** approved 04/27/2020 · Paid in Full · Loan `4642017204`
## Borrower
- **Name:** VERNDALE PRODUCTS, INC.
- **Address:** 8445 Lyndon Street, Detroit, MI, 48238-2454
- **NAICS:** 311514
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.24M
- **Initial approval:** $1.24M
- **Forgiven:** $1.25M (101%)
- **Forgiveness date:** 05/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $991K
- **Mortgage interest:** $248K
- **Jobs reported:** 55
## Lender
- **Originating:** Comerica Bank
- **Servicing:** Comerica Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*