# PPP loan: VORDERMAN MOTOR WERKS, INC.
> **$791K** approved 04/08/2020 · Paid in Full · Loan `8464027005`
## Borrower
- **Name:** VORDERMAN MOTOR WERKS, INC.
- **Address:** 5811 CROSS CREEK BLVD, FORT WAYNE, IN, 46818-1722
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $791K
- **Initial approval:** $791K
- **Forgiven:** $796K (101%)
- **Forgiveness date:** 11/12/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $643K
- **Rent:** $69K
- **Utilities:** $2K
- **Debt interest:** $77K
- **Jobs reported:** 50
## 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*