# PPP loan: VERED INC.
> **$304K** approved 01/28/2021 · Paid in Full · Loan `7586868304`
## Borrower
- **Name:** VERED INC.
- **Address:** 4301 Clayton Rd, Concord, CA, 94521-2842
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $304K
- **Initial approval:** $304K
- **Forgiven:** $306K (101%)
- **Forgiveness date:** 11/09/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $304K
- **Utilities:** $1
- **Jobs reported:** 25
## Lender
- **Originating:** Summit Bank
- **Servicing:** Summit Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*