# PPP loan: V DEVELOPMENT, INC
> **$1.56M** approved 04/13/2020 · Paid in Full · Loan `5654347102`
## Borrower
- **Name:** V DEVELOPMENT, INC
- **Address:** 550 HARVEST PARK DR #A, BRENTWOOD, CA, 94513-4044
- **NAICS:** 238350
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.56M
- **Initial approval:** $1.56M
- **Forgiven:** $1.58M (101%)
- **Forgiveness date:** 06/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.38M
- **Mortgage interest:** $146K
- **Utilities:** $10K
- **Health care:** $21K
- **Jobs reported:** 148
## Lender
- **Originating:** BAC Community Bank
- **Servicing:** BAC Community Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*