# PPP loan: VERLGON, LLC
> **$1.88M** approved 03/25/2021 · Exemption 4 · Loan `8496958602`
## Borrower
- **Name:** VERLGON, LLC
- **Address:** 1140 W Warner Rd, Tempe, AZ, 85284-2866
- **NAICS:** 334413
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.88M
- **Initial approval:** $1.88M
- **Forgiven:** $1.45M (77%)
- **Forgiveness date:** 07/21/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.87M
- **Utilities:** $1
- **Jobs reported:** 190
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*