# PPP loan: VELOLET INC
> **$224K** approved 06/05/2020 · Charged Off · Loan `8474007809`
## Borrower
- **Name:** VELOLET INC
- **Address:** 5695 Marsh Pointe Drive, Shorewwod, MN, 55331-7111
- **NAICS:** 532284
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $224K
- **Initial approval:** $224K
- **Status:** Charged Off
- **Term:** 1 months
## Use of funds
- **Payroll:** $224K
- **Jobs reported:** 12
## Lender
- **Originating:** Greater Nevada CU
- **Servicing:** Fountainhead SBF LLC (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*