PPP Loan information for Velocity systems llc

$769,397

Velocity systems llc was initially approved for PPP Loan of amount $769,397, the current approved amount is $769,397. The loan was approved on 03/18/2021 by The Bank of America, National Association reported 67 jobs and $769,397 was used to fund payroll.

Velocity systems llc is Existing or more than 2 years old

PPP Loan Search / VA / Dulles / Velocity systems llc

VELOCITY SYSTEMS LLC

Date Approved

03/18/2021

SBA Office Code

0353

Processing Method

PPS

Borrower Name

VELOCITY SYSTEMS LLC

Borrower Address

45064 Underwood Ln Ste B

Borrower City

Dulles

Borrower State

VA

Borrower Zip

20166-2304

Loan Status Date

02/17/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

769397.00

Current Approval Amount

769397.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

9551

Servicing Lender Name

Bank of America, National Association

Servicing Lender Address

100 N Tryon St, Ste 170

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-4024

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Dulles

Project County Name

LOUDOUN

Project State

VA

Project Zip

20166-2304

CD

VA-10

Jobs Reported

67

NAICS Code

315990

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

769395.00

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

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

775699.73

Forgiveness Date

01/13/2022

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