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 05/01/2020 by The Bank of America, National Association reported 68 jobs and $769,397 was used to fund payroll.

Velocity systems llc is New Business or 2 years or less

PPP Loan Search / VA / Dulles / Velocity systems llc

VELOCITY SYSTEMS LLC

Date Approved

05/01/2020

SBA Office Code

0353

Processing Method

PPP

Borrower Name

VELOCITY SYSTEMS LLC

Borrower Address

45064 Underwood Ln Unit B

Borrower City

Dulles

Borrower State

VA

Borrower Zip

20166

Loan Status Date

06/17/2021

Loan Status

Paid in Full

Term

24

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

New Business or 2 years or less

Project City

Dulles

Project County Name

LOUDOUN

Project State

VA

Project Zip

20166-1003

CD

VA-10

Jobs Reported

68

NAICS Code

326299

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

769397.00

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

777238.53

Forgiveness Date

05/13/2021

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