# PPP loan: VERED, INC.
> **$234K** approved 04/11/2020 · Paid in Full · Loan `3455657110`
## Borrower
- **Name:** VERED, INC.
- **Address:** 4301 Clayton Road, Concord, CA, 94521-2842
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $234K
- **Initial approval:** $234K
- **Forgiven:** $235K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $234K
- **Jobs reported:** 38
## Lender
- **Originating:** Summit Bank
- **Servicing:** Summit Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*