# PPP loan: VERSATILE FABRICATION CO, INC.
> **$1.15M** approved 04/15/2020 · Paid in Full · Loan `9530887107`
## Borrower
- **Name:** VERSATILE FABRICATION CO, INC.
- **Address:** 2708 9TH ST, MUSKEGON, MI, 49444-1945
- **NAICS:** 332322
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $1.15M
- **Initial approval:** $1.15M
- **Forgiven:** $1.16M (101%)
- **Forgiveness date:** 02/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.15M
- **Jobs reported:** 62
## Lender
- **Originating:** Community Shores Bank, A Division of
- **Servicing:** ChoiceOne Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*