# PPP loan: VELOCITY SYSTEMS LLC
> **$769K** approved 05/01/2020 · Paid in Full · Loan `6323047705`
## Borrower
- **Name:** VELOCITY SYSTEMS LLC
- **Address:** 45064 Underwood Ln Unit B, Dulles, VA, 20166
- **NAICS:** 326299
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $769K
- **Initial approval:** $769K
- **Forgiven:** $777K (101%)
- **Forgiveness date:** 05/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $769K
- **Jobs reported:** 68
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*