# PPP loan: VELOCITY CLINICAL RESEARCH, INC.
> **$234K** approved 04/15/2020 · Paid in Full · Loan `8109707101`
## Borrower
- **Name:** VELOCITY CLINICAL RESEARCH, INC.
- **Address:** 807 E. MAIN ST SUITE 6-100, DURHAM, NC, 27701-4097
- **NAICS:** 541715
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $234K
- **Initial approval:** $234K
- **Forgiven:** $236K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $234K
- **Jobs reported:** 13
## Lender
- **Originating:** Western Alliance Bank
- **Servicing:** Western Alliance Bank (AZ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*