PPP Loan information for Velocity machine, inc.

$1,319,900

Velocity machine, inc. was initially approved for PPP Loan of amount $1,319,900, the current approved amount is $1,319,900. The loan was approved on 04/09/2020 by The Johnson Bank reported 101 jobs and $1,319,900 was used to fund payroll.

Velocity machine, inc. is Existing or more than 2 years old

PPP Loan Search / WI / DE PERE / Velocity machine, inc.

VELOCITY MACHINE, INC.

Date Approved

04/09/2020

SBA Office Code

0563

Processing Method

PPP

Borrower Name

VELOCITY MACHINE, INC.

Borrower Address

1400 MAIN AVE

Borrower City

DE PERE

Borrower State

WI

Borrower Zip

54115-9369

Loan Status Date

12/12/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1319900.00

Current Approval Amount

1319900.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

77025

Servicing Lender Name

Johnson Bank

Servicing Lender Address

555 Main St

Servicing Lender City

RACINE

Servicing Lender State

WI

Servicing Lender Zip

53403-1032

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

DE PERE

Project County Name

BROWN

Project State

WI

Project Zip

54115-9369

CD

WI-08

Jobs Reported

101

NAICS Code

332721

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

164987.00

Payroll Proceed

989925.00

Mortgage Interest Proceed

0.00

Rent Proceed

164988.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

77025

Originating Lender

Johnson Bank

Originating Lender City

RACINE

Originating Lender State

WI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1327421.62

Forgiveness Date

11/12/2020

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