PPP Loan information for The velo cafe

$12,500

The velo cafe was initially approved for PPP Loan of amount $12,500, the current approved amount is $12,500. The loan was approved on 04/10/2020 by The Chippewa Valley Bank reported 9 jobs and $12,500 was used to fund payroll.

The velo cafe is New Business or 2 years or less

THE VELO CAFE

Date Approved

04/10/2020

SBA Office Code

0563

Processing Method

PPP

Borrower Name

THE VELO CAFE

Borrower Address

13425 COUNTY HIGHWAY M

Borrower City

CABLE

Borrower State

WI

Borrower Zip

54821-4983

Loan Status Date

11/13/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

12500.00

Current Approval Amount

12500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

77046

Servicing Lender Name

Chippewa Valley Bank

Servicing Lender Address

15755 W County Hwy B

Servicing Lender City

HAYWARD

Servicing Lender State

WI

Servicing Lender Zip

54843-2690

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

CABLE

Project County Name

BAYFIELD

Project State

WI

Project Zip

54821-4983

CD

WI-07

Jobs Reported

9

NAICS Code

722515

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

12500.00

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

77046

Originating Lender

Chippewa Valley Bank

Originating Lender City

HAYWARD

Originating Lender State

WI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

12562.50

Forgiveness Date

10/14/2020

;