# PPP loan: VELCOL LLC
> **$278K** approved 01/29/2021 · Paid in Full · Loan `8540648307`
## Borrower
- **Name:** VELCOL LLC
- **Address:** 7700 Tonnelle Ave, North Bergen, NJ, 07047-4625
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $278K
- **Initial approval:** $278K
- **Forgiven:** $280K (101%)
- **Forgiveness date:** 08/18/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $278K
- **Jobs reported:** 36
## Lender
- **Originating:** ConnectOne Bank
- **Servicing:** ConnectOne Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*