# PPP loan: VORBECK MATERIALS CORP
> **$341K** approved 03/02/2021 · Paid in Full · Loan `5829328509`
## Borrower
- **Name:** VORBECK MATERIALS CORP
- **Address:** 8306 Patuxent Range Rd Ste 103, Jessup, MD, 20794-8609
- **NAICS:** 325910
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $341K
- **Initial approval:** $341K
- **Forgiven:** $345K (101%)
- **Forgiveness date:** 03/24/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $341K
- **Utilities:** $1
- **Jobs reported:** 20
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*