# PPP loan: VELOX TRUCKING L.L.C.
> **$505K** approved 05/01/2020 · Paid in Full · Loan `6872267704`
## Borrower
- **Name:** VELOX TRUCKING L.L.C.
- **Address:** 4245 ROGER B CHAFFEE MEM DR SE, GRAND RAPIDS, MI, 49548
- **NAICS:** 561499
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Unanswered
## Loan
- **Approval amount:** $505K
- **Initial approval:** $505K
- **Forgiven:** $263K (52%)
- **Forgiveness date:** 08/12/2021
- **Status:** Paid in Full
- **Term:** 59 months
## Use of funds
- **Payroll:** $505K
- **Jobs reported:** 90
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*