# PPP loan: VELOC INC
> **$227K** approved 04/27/2020 · Paid in Full · Loan `4419507206`
## Borrower
- **Name:** VELOC INC
- **Address:** 2824 Bluffview Drive, Lewisville, TX, 75067-3840
- **NAICS:** 561990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $227K
- **Initial approval:** $227K
- **Forgiven:** $228K (101%)
- **Forgiveness date:** 02/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $181K
- **Mortgage interest:** $45K
- **Jobs reported:** 18
## 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*