# PPP loan: VERICHEM LABORATORIES INC
> **$156K** approved 07/21/2020 · Paid in Full · Loan `6203048108`
## Borrower
- **Name:** VERICHEM LABORATORIES INC
- **Address:** 90 NARRAGANSETT AVE, PROVIDENCE, RI, 02907
- **NAICS:** 621511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $156K
- **Initial approval:** $156K
- **Forgiven:** $157K (100%)
- **Forgiveness date:** 01/28/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $156K
- **Jobs reported:** 12
## Lender
- **Originating:** Webster Bank National Association
- **Servicing:** Webster Bank National Association (CT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*