# PPP loan: VEROS SYSTEMS, INC.
> **$306K** approved 04/08/2020 · Paid in Full · Loan `7685647002`
## Borrower
- **Name:** VEROS SYSTEMS, INC.
- **Address:** 5910 Courtyard Drive, #150, AUSTIN, TX, 78731-1772
- **NAICS:** 541519
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $306K
- **Initial approval:** $306K
- **Forgiven:** $308K (101%)
- **Forgiveness date:** 12/22/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $245K
- **Mortgage interest:** $62K
- **Jobs reported:** 13
## Lender
- **Originating:** Gulf Capital Bank
- **Servicing:** Gulf Capital Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*