# PPP loan: THE VELEZ CORPORATION
> **$204K** approved 04/13/2020 · Paid in Full · Loan `4387697102`
## Borrower
- **Name:** THE VELEZ CORPORATION
- **Address:** 5357 Franklin Ave, NEW ORLEANS, LA, 70122-6264
- **NAICS:** 812320
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $204K
- **Initial approval:** $204K
- **Forgiven:** $205K (100%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $153K
- **Utilities:** $51K
- **Jobs reported:** 28
## Lender
- **Originating:** Gulf Coast Bank and Trust Company
- **Servicing:** Gulf Coast Bank and Trust Company (LA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*