# PPP loan: V/M ENGINEERING & ASSOCIATES, LTD
> **$244K** approved 07/22/2020 · Paid in Full · Loan `6939868110`
## Borrower
- **Name:** V/M ENGINEERING & ASSOCIATES, LTD
- **Address:** 1301 CANNON CIR, FARIBAULT, MN, 55021-3625
- **NAICS:** 332313
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $244K
- **Initial approval:** $244K
- **Forgiven:** $245K (101%)
- **Forgiveness date:** 04/12/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $244K
- **Jobs reported:** 14
## Lender
- **Originating:** The State Bank of Faribault
- **Servicing:** The State Bank of Faribault (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*