# PPP loan: VEMALINE PRODUCTS, INC.
> **$241K** approved 04/06/2020 · Paid in Full · Loan `6303307006`
## Borrower
- **Name:** VEMALINE PRODUCTS, INC.
- **Address:** 200 1st Ave, CRANSTON, RI, 02910-5029
- **NAICS:** 339999
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $241K
- **Initial approval:** $241K
- **Forgiven:** $243K (101%)
- **Forgiveness date:** 12/21/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $241K
- **Jobs reported:** 23
## Lender
- **Originating:** Bank Rhode Island
- **Servicing:** Bank Rhode Island (RI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*