# PPP loan: VARIABLE SPEED SOLUTIONS INC
> **$200K** approved 04/14/2020 · Paid in Full · Loan `5817557101`
## Borrower
- **Name:** VARIABLE SPEED SOLUTIONS INC
- **Address:** 16182 GOTHARD ST STE, HUNTINGTON BEACH, CA, 92647-3642
- **NAICS:** 811310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $200K
- **Initial approval:** $200K
- **Forgiven:** $201K (101%)
- **Forgiveness date:** 03/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Mortgage interest:** $164K
- **Utilities:** $10K
- **Health care:** $15K
- **Debt interest:** $172
- **Jobs reported:** 11
## Lender
- **Originating:** Pacific Premier Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*