# PPP loan: VELOCITY PROCUREMENT LLC
> **$177K** approved 05/01/2020 · Paid in Full · Loan `7536747701`
## Borrower
- **Name:** VELOCITY PROCUREMENT LLC
- **Address:** 1100 E HECTOR ST, CONSHOHOCKEN, PA, 19428-2396
- **NAICS:** 541614
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Unanswered
## Loan
- **Approval amount:** $177K
- **Initial approval:** $177K
- **Forgiven:** $165K (93%)
- **Forgiveness date:** 09/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $177K
- **Jobs reported:** 9
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*