# PPP loan: VERUS RESIDENTIAL LOANCO, LLC
> **$1.77M** approved 04/04/2020 · Paid in Full · Loan `4982767006`
## Borrower
- **Name:** VERUS RESIDENTIAL LOANCO, LLC
- **Address:** 2001 M ST NW, WASHINGTON, DC, 20036-3301
- **NAICS:** 523920
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.77M
- **Initial approval:** $1.77M
- **Forgiven:** $1.52M (86%)
- **Forgiveness date:** 04/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.52M
- **Rent:** $250K
- **Jobs reported:** 86
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*