# PPP loan: VB RANCH, LLC
> **$355K** approved 04/04/2020 · Paid in Full · Loan `4982187009`
## Borrower
- **Name:** VB RANCH, LLC
- **Address:** 2461 FM 1842, SPRINGLAKE, TX, 79082-6005
- **NAICS:** 112120
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $355K
- **Initial approval:** $334K
- **Forgiven:** $360K (101%)
- **Forgiveness date:** 09/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $250K
- **Mortgage interest:** $13K
- **Utilities:** $20K
- **Debt interest:** $50K
- **Jobs reported:** 44
## Lender
- **Originating:** Herring Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*