# PPP loan: VESCO MATERIAL HANDLING EQUIPMENT INC.
> **$1.66M** approved 01/28/2021 · Paid in Full · Loan `7450428302`
## Borrower
- **Name:** VESCO MATERIAL HANDLING EQUIPMENT INC.
- **Address:** 355 Business Park Dr, Winston Salem, NC, 27107-6548
- **NAICS:** 423830
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.66M
- **Initial approval:** $1.66M
- **Forgiven:** $1.68M (101%)
- **Forgiveness date:** 09/14/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.66M
- **Jobs reported:** 126
## Lender
- **Originating:** Pinnacle Bank
- **Servicing:** Pinnacle Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*