# PPP loan: VELOX INTERNATINAL SHIPPING INC
> **$300K** approved 04/16/2020 · Paid in Full · Loan `2541817210`
## Borrower
- **Name:** VELOX INTERNATINAL SHIPPING INC
- **Address:** 31 MERRY LN, EAST HANOVER, NJ, 07936
- **NAICS:** 488510
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $300K
- **Initial approval:** $300K
- **Forgiven:** $302K (101%)
- **Forgiveness date:** 11/12/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $264K
- **Rent:** $30K
- **Utilities:** $2K
- **Health care:** $4K
- **Jobs reported:** 22
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*