# PPP loan: VELOCITY BIOGROUP CORPORATION
> **$174K** approved 06/23/2020 · Paid in Full · Loan `1788028006`
## Borrower
- **Name:** VELOCITY BIOGROUP CORPORATION
- **Address:** 48 GRAYS TRL, DILLON, CO, 80435
- **NAICS:** 541690
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $174K
- **Initial approval:** $147K
- **Forgiven:** $176K (101%)
- **Forgiveness date:** 07/20/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $174K
- **Jobs reported:** 6
## Lender
- **Originating:** U.S. Bank, National Association
- **Servicing:** U.S. Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*