PPP Loan information for New velocity, llc

$80,600

New velocity, llc was initially approved for PPP Loan of amount $80,600, the current approved amount is $80,600. The loan was approved on 04/10/2020 by The TowneBank reported 5 jobs and $80,600 was used to fund payroll.

New velocity, llc is Existing or more than 2 years old

PPP Loan Search / NC / CARY / New velocity, llc

NEW VELOCITY, LLC

Date Approved

04/10/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

NEW VELOCITY, LLC

Borrower Address

120 Preston Executive Drive, Suite 101

Borrower City

CARY

Borrower State

NC

Borrower Zip

27513-8445

Loan Status Date

02/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

80600.00

Current Approval Amount

80600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

123548

Servicing Lender Name

TowneBank

Servicing Lender Address

5716 High St West

Servicing Lender City

PORTSMOUTH

Servicing Lender State

VA

Servicing Lender Zip

23703-4502

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CARY

Project County Name

WAKE

Project State

NC

Project Zip

27513-8445

CD

NC-02

Jobs Reported

5

NAICS Code

541613

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

80600.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

123548

Originating Lender

TowneBank

Originating Lender City

PORTSMOUTH

Originating Lender State

VA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

81182.11

Forgiveness Date

01/07/2021

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