# PPP loan: V I P INDUSTRIES INC
> **$524K** approved 03/27/2021 · Paid in Full · Loan `1642268702`
## Borrower
- **Name:** V I P INDUSTRIES INC
- **Address:** 90 Brighton Rd, Clifton, NJ, 07012-1606
- **NAICS:** 334419
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $524K
- **Initial approval:** $524K
- **Forgiven:** $528K (101%)
- **Forgiveness date:** 11/17/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $524K
- **Utilities:** $1
- **Jobs reported:** 68
## Lender
- **Originating:** Valley National Bank
- **Servicing:** Valley National Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*