PPP Loan information for Velic transportation, inc

$158,450

Velic transportation, inc was initially approved for PPP Loan of amount $158,450, the current approved amount is $158,450. The loan was approved on 05/26/2020 by The Cross River Bank reported 15 jobs and $158,450 was used to fund payroll.

Velic transportation, inc is Unanswered

PPP Loan Search / MI / Clinton Township / Velic transportation, inc

VELIC TRANSPORTATION, INC

Date Approved

05/26/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

VELIC TRANSPORTATION, INC

Borrower Address

35375 Groesbeck Highway STE A

Borrower City

Clinton Township

Borrower State

MI

Borrower Zip

48035-2516

Loan Status Date

07/08/2022

Loan Status

Charged Off

Term

4

SBA Guaranty Percentage

100

Initial Approval Amount

158450.00

Current Approval Amount

158450.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

456756

Servicing Lender Name

Cross River Bank

Servicing Lender Address

885 Teaneck Rd

Servicing Lender City

TEANECK

Servicing Lender State

NJ

Servicing Lender Zip

07666-4546

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Unanswered

Project City

Clinton Township

Project County Name

MACOMB

Project State

MI

Project Zip

48035-2516

CD

MI-10

Jobs Reported

15

NAICS Code

484110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

158450.00

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

Corporation

Originating Lender Location Id

456756

Originating Lender

Cross River Bank

Originating Lender City

TEANECK

Originating Lender State

NJ

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

78400.68

Forgiveness Date

04/29/2022

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