# PPP loan: VERANCE CORPORATION
> **$1.04M** approved 02/02/2021 · Charged Off · Loan `1876688408`
## Borrower
- **Name:** VERANCE CORPORATION
- **Address:** 6046 Cornerstone Ct W Ste 216, San Diego, CA, 92121-4734
- **NAICS:** 541910
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.04M
- **Initial approval:** $1.04M
- **Forgiven:** $783K (75%)
- **Forgiveness date:** 09/08/2022
- **Status:** Charged Off
- **Term:** 84 months
## Use of funds
- **Payroll:** $1.04M
- **Utilities:** $1
- **Jobs reported:** 48
## Lender
- **Originating:** Titan Bank, National Association
- **Servicing:** Titan Bank, National Association (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*