PPP Loan information for Velocity network, inc.

$781,000

Velocity network, inc. was initially approved for PPP Loan of amount $781,000, the current approved amount is $781,000. The loan was approved on 04/06/2020 by The CNB Bank reported 71 jobs and $781,000 was used to fund payroll.

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

PPP Loan Search / PA / ERIE / Velocity network, inc.

VELOCITY NETWORK, INC.

Date Approved

04/06/2020

SBA Office Code

0358

Processing Method

PPP

Borrower Name

VELOCITY NETWORK, INC.

Borrower Address

121 West 10TH ST

Borrower City

ERIE

Borrower State

PA

Borrower Zip

16501-1409

Loan Status Date

02/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

781000.00

Current Approval Amount

781000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

59954

Servicing Lender Name

CNB Bank

Servicing Lender Address

31 S Second St

Servicing Lender City

CLEARFIELD

Servicing Lender State

PA

Servicing Lender Zip

16830

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

ERIE

Project County Name

ERIE

Project State

PA

Project Zip

16501-1409

CD

PA-16

Jobs Reported

71

NAICS Code

541511

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

100000.00

Payroll Proceed

624000.00

Mortgage Interest Proceed

57000.00

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

59954

Originating Lender

CNB Bank

Originating Lender City

CLEARFIELD

Originating Lender State

PA

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

786969.84

Forgiveness Date

01/20/2021

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