# PPP loan: VELOCI PERFORMANCE PRODUCTS, INC.
> **$207K** approved 04/05/2020 · Paid in Full · Loan `5234497007`
## Borrower
- **Name:** VELOCI PERFORMANCE PRODUCTS, INC.
- **Address:** 12800 South Highway 13 Ste 500, SAVAGE, MN, 55378
- **NAICS:** 423830
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $207K
- **Initial approval:** $207K
- **Forgiven:** $208K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $155K
- **Rent:** $13K
- **Mortgage interest:** $13K
- **Utilities:** $13K
- **Health care:** $13K
- **Jobs reported:** 15
## Lender
- **Originating:** MidWestOne Bank
- **Servicing:** MidWestOne Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*