PPP Loan information for Velocity inc

$79,325

Velocity inc was initially approved for PPP Loan of amount $79,325, the current approved amount is $79,325. The loan was approved on 03/05/2021 by The Guaranty Bank & Trust Company reported 9 jobs and $79,325 was used to fund payroll.

Velocity inc is Existing or more than 2 years old

PPP Loan Search / MS / Hernando / Velocity inc

VELOCITY INC

Date Approved

03/05/2021

SBA Office Code

0470

Processing Method

PPS

Borrower Name

VELOCITY INC

Borrower Address

530 Vaiden Dr

Borrower City

Hernando

Borrower State

MS

Borrower Zip

38632-2340

Loan Status Date

03/17/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

79325.00

Current Approval Amount

79325.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39146

Servicing Lender Name

Guaranty Bank & Trust Company

Servicing Lender Address

210 Hayden St

Servicing Lender City

BELZONI

Servicing Lender State

MS

Servicing Lender Zip

39038-3636

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Hernando

Project County Name

DESOTO

Project State

MS

Project Zip

38632-2340

CD

MS-01

Jobs Reported

9

NAICS Code

238990

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

79325.00

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

39146

Originating Lender

Guaranty Bank & Trust Company

Originating Lender City

BELZONI

Originating Lender State

MS

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

80057.40

Forgiveness Date

02/16/2022

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