# PPP loan: VSM ABRASIVES
> **$2.39M** approved 04/07/2020 · Paid in Full · Loan `7020237003`
## Borrower
- **Name:** VSM ABRASIVES
- **Address:** 1012 E Wabash Street, O FALLON, MO, 63366-2774
- **NAICS:** 327910
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.39M
- **Initial approval:** $2.39M
- **Forgiven:** $2.21M (92%)
- **Forgiveness date:** 11/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.39M
- **Jobs reported:** 145
## Lender
- **Originating:** Enterprise Bank & Trust
- **Servicing:** Enterprise Bank & Trust (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*