# PPP loan: VELOCITY U.S. PROPERTIES INC.
> **$358K** approved 04/07/2020 · Paid in Full · Loan `6495587002`
## Borrower
- **Name:** VELOCITY U.S. PROPERTIES INC.
- **Address:** 61240 SKYLINE RANCH RD, BEND, OR, 97702-3539
- **NAICS:** 531390
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $358K
- **Initial approval:** $319K
- **Forgiven:** $360K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $358K
- **Jobs reported:** 24
## Lender
- **Originating:** Summit Bank
- **Servicing:** Summit Bank (OR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*