# PPP loan: VELOCITY VENTURES, INC
> **$3.21M** approved 04/09/2020 · Paid in Full · Loan `9600037008`
## Borrower
- **Name:** VELOCITY VENTURES, INC
- **Address:** 459 N DEAN RD, AUBURN, AL, 36830-5048
- **NAICS:** 811191
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.21M
- **Initial approval:** $3.21M
- **Forgiven:** $3.25M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.21M
- **Jobs reported:** 317
## Lender
- **Originating:** Hancock Whitney Bank
- **Servicing:** Hancock Whitney Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*