PPP Loan information for Velocity inc

$66,300

Velocity inc was initially approved for PPP Loan of amount $66,300, the current approved amount is $66,300. The loan was approved on 04/16/2021 by The Citizens Bank, National Association reported 5 jobs and $66,300 was used to fund payroll.

Velocity inc is Existing or more than 2 years old

PPP Loan Search / PA / Reading / Velocity inc

VELOCITY INC

Date Approved

04/16/2021

SBA Office Code

0303

Processing Method

PPS

Borrower Name

VELOCITY INC

Borrower Address

715 Clinton St

Borrower City

Reading

Borrower State

PA

Borrower Zip

19601-2305

Loan Status Date

09/29/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

66300.00

Current Approval Amount

66300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

434162

Servicing Lender Name

Citizens Bank, National Association

Servicing Lender Address

1 Citizens Plaza

Servicing Lender City

PROVIDENCE

Servicing Lender State

RI

Servicing Lender Zip

02903-1344

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Reading

Project County Name

BERKS

Project State

PA

Project Zip

19601-2305

CD

PA-06

Jobs Reported

5

NAICS Code

541613

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

66298.00

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

434162

Originating Lender

Citizens Bank, National Association

Originating Lender City

PROVIDENCE

Originating Lender State

RI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

66532.50

Forgiveness Date

08/30/2021

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