# PPP loan: V MANUFACTURING & LOGISTICS INC
> **$215K** approved 06/16/2020 · Charged Off · Loan `5941717904`
## Borrower
- **Name:** V MANUFACTURING & LOGISTICS INC
- **Address:** 20501 EARLGATE ST, WALNUT, CA, 91789-2909
- **NAICS:** 325199
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $215K
- **Initial approval:** $215K
- **Forgiven:** $205K (95%)
- **Forgiveness date:** 12/08/2021
- **Status:** Charged Off
- **Term:** 24 months
## Use of funds
- **Payroll:** $161K
- **Mortgage interest:** $27K
- **Utilities:** $27K
- **Jobs reported:** 46
## Lender
- **Originating:** Celtic Bank Corporation
- **Servicing:** Square Capital, LLC (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*