# PPP loan: VELOCITY CHIROPRACTIC AND WELLNESS CENTER, LLC
> **$242K** approved 04/15/2020 · Paid in Full · Loan `1097727205`
## Borrower
- **Name:** VELOCITY CHIROPRACTIC AND WELLNESS CENTER, LLC
- **Address:** 231 Maple Avenue, Red Bank, NJ, 07701
- **NAICS:** 621310
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $242K
- **Initial approval:** $242K
- **Forgiven:** $245K (101%)
- **Forgiveness date:** 06/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $194K
- **Rent:** $40K
- **Utilities:** $3K
- **Health care:** $4K
- **Debt interest:** $1K
- **Jobs reported:** 23
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*