# PPP loan: VERNON NAGEL, INC
> **$1.13M** approved 04/07/2020 · Paid in Full · Loan `7331517001`
## Borrower
- **Name:** VERNON NAGEL, INC
- **Address:** 0154 CR 11-C, NAPOLEON, OH, 43545
- **NAICS:** 237310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.13M
- **Initial approval:** $1.13M
- **Forgiven:** $1.14M (101%)
- **Forgiveness date:** 11/25/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.07M
- **Health care:** $60K
- **Jobs reported:** 62
## Lender
- **Originating:** The Farmers & Merchants State Bank
- **Servicing:** The Farmers & Merchants State Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*