# PPP loan: VESTCO INC.
> **$721K** approved 04/13/2020 · Paid in Full · Loan `5295997106`
## Borrower
- **Name:** VESTCO INC.
- **Address:** 625 South Broad Street, LEXINGTON, TN, 38351-2203
- **NAICS:** 722513
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $721K
- **Initial approval:** $721K
- **Forgiven:** $728K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $541K
- **Rent:** $92K
- **Mortgage interest:** $44K
- **Utilities:** $42K
- **Debt interest:** $2K
- **Jobs reported:** 326
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*