# PPP loan: VERU, INC.
> **$540K** approved 04/08/2020 · Paid in Full · Loan `7689177000`
## Borrower
- **Name:** VERU, INC.
- **Address:** 48 NW 25th St, Suite 102, MIAMI, FL, 33127-4416
- **NAICS:** 326299
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $540K
- **Initial approval:** $540K
- **Forgiven:** $543K (101%)
- **Forgiveness date:** 11/12/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $540K
- **Jobs reported:** 28
## Lender
- **Originating:** BMO Bank National Association
- **Servicing:** BMO Bank National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*