PPP Loan information for Velmont transportation inc.

$130,092

Velmont transportation inc. was initially approved for PPP Loan of amount $130,092, the current approved amount is $130,092. The loan was approved on 05/07/2020 by The Peoples Bank reported 10 jobs and $130,092 was used to fund payroll.

Velmont transportation inc. is Existing or more than 2 years old

PPP Loan Search / IL / PALATINE / Velmont transportation inc.

VELMONT TRANSPORTATION INC.

Date Approved

05/07/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

VELMONT TRANSPORTATION INC.

Borrower Address

775 W. Peder Lane

Borrower City

PALATINE

Borrower State

IL

Borrower Zip

60067-2362

Loan Status Date

06/03/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

130092.00

Current Approval Amount

130092.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

81983

Servicing Lender Name

Peoples Bank

Servicing Lender Address

9204 Columbia Ave

Servicing Lender City

MUNSTER

Servicing Lender State

IN

Servicing Lender Zip

46321-3570

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

PALATINE

Project County Name

COOK

Project State

IL

Project Zip

60067-2362

CD

IL-05

Jobs Reported

10

NAICS Code

492110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

130092.00

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

Subchapter S Corporation

Originating Lender Location Id

81983

Originating Lender

Peoples Bank

Originating Lender City

MUNSTER

Originating Lender State

IN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

131429.06

Forgiveness Date

05/18/2021

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