# PPP loan: VANDCO INC.
> **$274K** approved 04/06/2020 · Paid in Full · Loan `6372177008`
## Borrower
- **Name:** VANDCO INC.
- **Address:** 200 Hancock Street PO Box 239, HANCOCK, MI, 49930-2004
- **NAICS:** 311612
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $274K
- **Initial approval:** $274K
- **Forgiven:** $275K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $248K
- **Mortgage interest:** $7K
- **Utilities:** $19K
- **Jobs reported:** 36
## Lender
- **Originating:** Superior National Bank
- **Servicing:** Superior National Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*