# PPP loan: VENEER TECHNOLOGIES, INC.
> **$1.32M** approved 04/27/2020 · Paid in Full · Loan `3493487206`
## Borrower
- **Name:** VENEER TECHNOLOGIES, INC.
- **Address:** 611 Verdun Street, NEWPORT, NC, 28570
- **NAICS:** 321211
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.32M
- **Initial approval:** $1.32M
- **Forgiven:** $1.32M (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $989K
- **Rent:** $250K
- **Utilities:** $80K
- **Jobs reported:** 183
## Lender
- **Originating:** First Bank
- **Servicing:** First Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*