# PPP loan: VACUUM ENGINEERING & MATERIALS CO., INC.
> **$697K** approved 04/27/2020 · Paid in Full · Loan `6137097204`
## Borrower
- **Name:** VACUUM ENGINEERING & MATERIALS CO., INC.
- **Address:** 390 Reed Street, Santa Clara, CA, 95050
- **NAICS:** 334413
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $697K
- **Initial approval:** $697K
- **Forgiven:** $703K (101%)
- **Forgiveness date:** 04/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $697K
- **Jobs reported:** 40
## 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*