# PPP loan: VERSATILE INDUSTRIES V LLC
> **$342K** approved 02/09/2021 · Paid in Full · Loan `5936688409`
## Borrower
- **Name:** VERSATILE INDUSTRIES V LLC
- **Address:** 11017 W County Road 60, Midland, TX, 79707-1670
- **NAICS:** 562991
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $342K
- **Initial approval:** $342K
- **Forgiven:** $344K (101%)
- **Forgiveness date:** 09/22/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $342K
- **Utilities:** $1
- **Jobs reported:** 24
## Lender
- **Originating:** Readycap Lending, LLC
- **Servicing:** Readycap Lending, LLC (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*