# PPP loan: VELOCITY RESTORATIONS LLC
> **$344K** approved 04/08/2020 · Paid in Full · Loan `7852167009`
## Borrower
- **Name:** VELOCITY RESTORATIONS LLC
- **Address:** 100 MYRICK ST, PENSACOLA, FL, 32505-8018
- **NAICS:** 811121
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $344K
- **Initial approval:** $369K
- **Forgiven:** $346K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $321K
- **Rent:** $8K
- **Mortgage interest:** $6K
- **Utilities:** $9K
- **Jobs reported:** 37
## Lender
- **Originating:** The First Bank
- **Servicing:** The First Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*