# PPP loan: VERNOR MATERIAL & EQUIPMENT COMPANY INC
> **$2.00M** approved 02/09/2021 · Paid in Full · Loan `5817048402`
## Borrower
- **Name:** VERNOR MATERIAL & EQUIPMENT COMPANY INC
- **Address:** 545 County Road 227A, Freeport, TX, 77541-3039
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.00M
- **Initial approval:** $2.00M
- **Forgiven:** $2.02M (101%)
- **Forgiveness date:** 12/14/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $2.00M
- **Jobs reported:** 192
## Lender
- **Originating:** Moody National Bank
- **Servicing:** Moody National Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*