PPP borrower record
VELACORP LTD PPP loan record
Public SBA PPP loan record for VELACORP LTD. Review approval amount, forgiveness amount, lender fields, borrower location, and source limitations.
$721,800
Approved amount
$728,076
Forgiven amount
2020-04-07
Date approved
Borrower and loan details
Borrower
VELACORP LTD
Loan number
7392057009
Business type
Corporation
Business age
Existing or more than 2 years old
Borrower city
Mcallen
Borrower state
Texas
Borrower ZIP
78503
Jobs reported
88
Loan status
Exemption 4
Forgiveness date
2021-02-23
Servicing lender
Rio Bank
Originating lender
Rio Bank
Reported use of proceeds
Payroll
$721,800
Rent
N/A
Utilities
N/A
Mortgage interest
N/A
Health care
N/A
Debt interest
N/A
Location pages
Related directories
Source note
PPP Loan Map uses SBA public PPP records and Geocodio's geocoded PPP dataset for latitude, longitude, and Census geography. Map pins are geocoded estimates, not verified current business locations. Records are public administrative data, not legal findings.