# PPP loan: VERANDA MARINE, INC.
> **$605K** approved 04/05/2020 · Paid in Full · Loan `5283847001`
## Borrower
- **Name:** VERANDA MARINE, INC.
- **Address:** 1392 REMMEL DAM RD, MALVERN, AR, 72104-8733
- **NAICS:** 336612
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $605K
- **Initial approval:** $605K
- **Forgiven:** $610K (101%)
- **Forgiveness date:** 01/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $605K
- **Jobs reported:** 103
## Lender
- **Originating:** Relyance Bank
- **Servicing:** Relyance Bank (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*