PPP Loan information for Velocity motors, inc.

$21,100

Velocity motors, inc. was initially approved for PPP Loan of amount $21,100, the current approved amount is $21,100. The loan was approved on 04/09/2020 by The The Farmers & Merchants State Bank reported 6 jobs and $21,100 was used to fund payroll.

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

PPP Loan Search / IN / BLUFFTON / Velocity motors, inc.

VELOCITY MOTORS, INC.

Date Approved

04/09/2020

SBA Office Code

0562

Processing Method

PPP

Borrower Name

VELOCITY MOTORS, INC.

Borrower Address

1750 N HWY 1

Borrower City

BLUFFTON

Borrower State

IN

Borrower Zip

46714

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

21100.00

Current Approval Amount

21100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

53250

Servicing Lender Name

The Farmers & Merchants State Bank

Servicing Lender Address

307 N Defiance St

Servicing Lender City

ARCHBOLD

Servicing Lender State

OH

Servicing Lender Zip

43502-1162

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

BLUFFTON

Project County Name

WELLS

Project State

IN

Project Zip

46714-0001

CD

IN-03

Jobs Reported

6

NAICS Code

441120

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

21100.00

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

53250

Originating Lender

The Farmers & Merchants State Bank

Originating Lender City

ARCHBOLD

Originating Lender State

OH

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

21247.99

Forgiveness Date

12/30/2020

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