# PPP loan: VERDE DESIGN INC.
> **$750K** approved 03/13/2021 · Paid in Full · Loan `1229448606`
## Borrower
- **Name:** VERDE DESIGN INC.
- **Address:** 2455 The Alameda, Santa Clara, CA, 95050-6037
- **NAICS:** 541320
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $750K
- **Initial approval:** $750K
- **Forgiven:** $757K (101%)
- **Forgiveness date:** 02/01/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $750K
- **Utilities:** $1
- **Jobs reported:** 36
## Lender
- **Originating:** Heritage Bank of Commerce
- **Servicing:** Heritage Bank of Commerce (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*