# PPP loan: VEP ASSOCIATES LLC
> **$297K** approved 05/26/2020 · Charged Off · Loan `3327247808`
## Borrower
- **Name:** VEP ASSOCIATES LLC
- **Address:** 726 Gerald Ct, Brooklyn, NY, 11235
- **NAICS:** 561612
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $297K
- **Initial approval:** $297K
- **Status:** Charged Off
- **Term:** 2 months
## Use of funds
- **Payroll:** $297K
- **Jobs reported:** 47
## Lender
- **Originating:** Hanover Community Bank
- **Servicing:** Hanover Community Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*