PPP Loan information for Velocity auto sales llc

$846,100

Velocity auto sales llc was initially approved for PPP Loan of amount $846,100, the current approved amount is $846,100. The loan was approved on 04/06/2020 by The Central Bank reported 75 jobs and $846,100 was used to fund payroll.

Velocity auto sales llc is Existing or more than 2 years old

PPP Loan Search / UT / DRAPER / Velocity auto sales llc

VELOCITY AUTO SALES LLC

Date Approved

04/06/2020

SBA Office Code

0883

Processing Method

PPP

Borrower Name

VELOCITY AUTO SALES LLC

Borrower Address

620 W. 12300 S.

Borrower City

DRAPER

Borrower State

UT

Borrower Zip

84020-9508

Loan Status Date

02/11/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

846100.00

Current Approval Amount

846100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

72790

Servicing Lender Name

Central Bank

Servicing Lender Address

75 N University Ave

Servicing Lender City

PROVO

Servicing Lender State

UT

Servicing Lender Zip

84601-4429

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

DRAPER

Project County Name

SALT LAKE

Project State

UT

Project Zip

84020-9508

CD

UT-04

Jobs Reported

75

NAICS Code

441120

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

846100.00

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

72790

Originating Lender

Central Bank

Originating Lender City

PROVO

Originating Lender State

UT

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

852868.80

Forgiveness Date

01/28/2021

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