# PPP loan: VANMARC, INC
> **$591K** approved 04/14/2020 · Paid in Full · Loan `7734987105`
## Borrower
- **Name:** VANMARC, INC
- **Address:** 707 N PALM CANYON DR, PALM SPRINGS, CA, 92262-5507
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $591K
- **Initial approval:** $591K
- **Forgiven:** $599K (101%)
- **Forgiveness date:** 08/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $535K
- **Rent:** $31K
- **Utilities:** $6K
- **Health care:** $13K
- **Debt interest:** $6K
- **Jobs reported:** 46
## Lender
- **Originating:** Pacific Premier Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*