# PPP loan: VERMES MACHINE CO., INC.
> **$697K** approved 04/04/2020 · Paid in Full · Loan `4997707002`
## Borrower
- **Name:** VERMES MACHINE CO., INC.
- **Address:** 351 Cider Ave, Moorestown, NJ, 08057-1238
- **NAICS:** 332710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $697K
- **Initial approval:** $717K
- **Forgiven:** $701K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $697K
- **Jobs reported:** 39
## Lender
- **Originating:** Mid Penn Bank
- **Servicing:** Mid Penn Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*