PPP Loan information for Velocity motors gr, llc

$58,200

Velocity motors gr, llc was initially approved for PPP Loan of amount $58,200, the current approved amount is $58,200. The loan was approved on 04/14/2020 by The Old National Bank reported 7 jobs and $58,200 was used to fund payroll.

Velocity motors gr, llc is Existing or more than 2 years old

PPP Loan Search / MI / CALEDONIA / Velocity motors gr, llc

VELOCITY MOTORS GR, LLC

Date Approved

04/14/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

VELOCITY MOTORS GR, LLC

Borrower Address

6898 68th St SE

Borrower City

CALEDONIA

Borrower State

MI

Borrower Zip

49316

Loan Status Date

02/24/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

58200.00

Current Approval Amount

58200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

21641

Servicing Lender Name

Old National Bank

Servicing Lender Address

One Main St

Servicing Lender City

EVANSVILLE

Servicing Lender State

IN

Servicing Lender Zip

47708-1449

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CALEDONIA

Project County Name

KENT

Project State

MI

Project Zip

49316-0001

CD

MI-03

Jobs Reported

7

NAICS Code

441120

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

58200.00

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

21641

Originating Lender

Old National Bank

Originating Lender City

EVANSVILLE

Originating Lender State

IN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

58600.22

Forgiveness Date

01/07/2021

;