# PPP loan: VELOCITY SALES MANAGEMENT, INC
> **$292K** approved 04/13/2020 · Paid in Full · Loan `5111717110`
## Borrower
- **Name:** VELOCITY SALES MANAGEMENT, INC
- **Address:** 838 Broken Sound Park way NW 101, BOCA RATON, FL, 33487
- **NAICS:** 541611
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $292K
- **Initial approval:** $292K
- **Forgiven:** $294K (101%)
- **Forgiveness date:** 12/16/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $292K
- **Jobs reported:** 20
## Lender
- **Originating:** Citibank, N.A.
- **Servicing:** Citibank, N.A. (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*