# PPP loan: WAYNE-VAUGHN EQUIPMENT CO INC
> **$196K** approved 04/08/2020 · Paid in Full · Loan `7720577001`
## Borrower
- **Name:** WAYNE-VAUGHN EQUIPMENT CO INC
- **Address:** 716 E Wayne St, FORT WAYNE, IN, 46802-2018
- **NAICS:** 333413
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $196K
- **Initial approval:** $196K
- **Forgiven:** $197K (101%)
- **Forgiveness date:** 12/10/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $147K
- **Rent:** $9K
- **Utilities:** $7K
- **Health care:** $32K
- **Jobs reported:** 15
## Lender
- **Originating:** Lake City Bank
- **Servicing:** Lake City Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*