# PPP loan: VERONA INDUSTRIAL EQUIPMENT LLC
> **$157K** approved 04/28/2020 · Paid in Full · Loan `7734397203`
## Borrower
- **Name:** VERONA INDUSTRIAL EQUIPMENT LLC
- **Address:** 840 Motor Dr, Howell, MI, 48843
- **NAICS:** 423830
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $157K
- **Initial approval:** $157K
- **Forgiven:** $158K (101%)
- **Forgiveness date:** 12/04/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $144K
- **Rent:** $10K
- **Utilities:** $1K
- **Debt interest:** $2K
- **Jobs reported:** 10
## Lender
- **Originating:** Bank of Ann Arbor
- **Servicing:** Bank of Ann Arbor (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*