PPP Loan information for Velaspan, inc.

$486,160

Velaspan, inc. was initially approved for PPP Loan of amount $486,160, the current approved amount is $486,160. The loan was approved on 04/15/2020 by The Fulton Bank, National Association reported 33 jobs and $486,160 was used to fund payroll.

Velaspan, inc. is Existing or more than 2 years old

PPP Loan Search / PA / Allentown / Velaspan, inc.

VELASPAN, INC.

Date Approved

04/15/2020

SBA Office Code

0303

Processing Method

PPP

Borrower Name

VELASPAN, INC.

Borrower Address

515 W Hamilton St. Suite 506

Borrower City

Allentown

Borrower State

PA

Borrower Zip

18101

Loan Status Date

04/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

486160.00

Current Approval Amount

486160.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

60701

Servicing Lender Name

Fulton Bank, National Association

Servicing Lender Address

One Penn Sq

Servicing Lender City

LANCASTER

Servicing Lender State

PA

Servicing Lender Zip

17602-2853

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Allentown

Project County Name

LEHIGH

Project State

PA

Project Zip

18101-1000

CD

PA-07

Jobs Reported

33

NAICS Code

541618

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

60770.00

Payroll Proceed

364620.00

Mortgage Interest Proceed

60770.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

60701

Originating Lender

Fulton Bank, National Association

Originating Lender City

LANCASTER

Originating Lender State

PA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

490724.50

Forgiveness Date

03/25/2021

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