PPP Loan information for Velocity automotive inc

$49,100

Velocity automotive inc was initially approved for PPP Loan of amount $49,100, the current approved amount is $49,100. The loan was approved on 07/07/2020 by The United Bank reported 3 jobs and $49,100 was used to fund payroll.

Velocity automotive inc is Existing or more than 2 years old

PPP Loan Search / NC / HICKORY / Velocity automotive inc

VELOCITY AUTOMOTIVE INC

Date Approved

07/07/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

VELOCITY AUTOMOTIVE INC

Borrower Address

4501 RIVER RD

Borrower City

HICKORY

Borrower State

NC

Borrower Zip

28602-8951

Loan Status Date

04/10/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

49100.00

Current Approval Amount

49100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

73259

Servicing Lender Name

United Bank

Servicing Lender Address

11185 Fairfax Blvd

Servicing Lender City

FAIRFAX

Servicing Lender State

VA

Servicing Lender Zip

22030-5049

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

HICKORY

Project County Name

CATAWBA

Project State

NC

Project Zip

28602-8951

CD

NC-10

Jobs Reported

3

NAICS Code

321992

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

49100.00

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

73259

Originating Lender

United Bank

Originating Lender City

FAIRFAX

Originating Lender State

VA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

49406.88

Forgiveness Date

02/24/2021

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