Vorderman Motor Werks, Inc.

$791,300 PPP Loan in Fort Wayne, Indiana

Loan Details

Loan Number
8464027005
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$791,300
Current Approval
$791,300
Forgiveness Amount
$795,872
Forgiveness Date
Nov 12, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Vorderman Motor Werks, Inc.
Address
5811 Cross Creek Blvd
State
Indiana
ZIP Code
46818-1722
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (441110)
Business Age
Existing or more than 2 years old
Jobs Reported
50
Estimated Revenue
$12.6M
Rural/Urban
Urban
Congressional District
IN-03

Loan Use Breakdown

Payroll
$643,117
Rent
$69,188
Utilities
$1,517
Debt Interest
$77,478

Lender Information

Servicing Lender
Lake City Bank
Originating Lender
Lake City Bank

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