# PPP loan: VELCO OPERATING LLC
> **$194K** approved 05/12/2020 · Paid in Full · Loan `5258757410`
## Borrower
- **Name:** VELCO OPERATING LLC
- **Address:** 325 North Main Street, SAN ANGELO, TX, 76903-4843
- **NAICS:** 811310
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $194K
- **Initial approval:** $194K
- **Forgiven:** $196K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $194K
- **Jobs reported:** 9
## Lender
- **Originating:** The First National Bank of Sonora
- **Servicing:** The First National Bank of Sonora (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*