# PPP loan: VERADO ENERGY INC.
> **$556K** approved 01/20/2021 · Paid in Full · Loan `2391178306`
## Borrower
- **Name:** VERADO ENERGY INC.
- **Address:** 900 W Bethany Dr, Allen, TX, 75013-3827
- **NAICS:** 211120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $556K
- **Initial approval:** $556K
- **Forgiven:** $558K (100%)
- **Forgiveness date:** 07/19/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $556K
- **Utilities:** $1
- **Jobs reported:** 23
## Lender
- **Originating:** Security National Bank of Omaha
- **Servicing:** Security National Bank of Omaha (NE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*