Vernor Material & Equipment Company INC

$2,000,000 PPP Loan in Freeport, Texas

Loan Details

Loan Number
5817048402
Date Approved
Feb 9, 2021
Loan Status
Paid in Full
Initial Approval
$2,000,000
Current Approval
$2,000,000
Forgiveness Amount
$2,016,658
Forgiveness Date
Dec 14, 2021
Term
60 months
Draw
Second Draw

Business Information

Business Name
Vernor Material & Equipment Company INC
Address
545 County Road 227a
State
Texas
ZIP Code
77541-3039
Business Type
Corporation
Industry (NAICS)
Construction (238220)
Business Age
Existing or more than 2 years old
Jobs Reported
192
Estimated Revenue
$60.7M
Rural/Urban
Urban
Congressional District
TX-14

Loan Use Breakdown

Payroll
$2,000,000

Lender Information

Servicing Lender
Moody National Bank
Originating Lender
Moody National Bank

Other PPP Loans in Freeport, TX

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I.c.s., Inc.$9,047,300NewBizBotResearch
Freeport Welding and Fabricating INC$3,160,030NewBizBotResearch
Vernor Material & Equipment$2,430,400NewBizBotResearch
Freeport Welding & Fabricating INC$2,000,000NewBizBotResearch
Dooling Machine Products Texas, LLC$1,116,900NewBizBotResearch

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