# PPP loan: VERANCE CORPORATION
> **$1.01M** approved 04/29/2020 · Paid in Full · Loan `2961977306`
## Borrower
- **Name:** VERANCE CORPORATION
- **Address:** 10089 WILLOW CREEK RD, SAN DIEGO, CA, 92131-1699
- **NAICS:** 523920
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.01M
- **Initial approval:** $1.01M
- **Forgiven:** $883K (88%)
- **Forgiveness date:** 08/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $805K
- **Mortgage interest:** $201K
- **Jobs reported:** 48
## Lender
- **Originating:** Comerica Bank
- **Servicing:** Comerica Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*