PPP Loan information for Velocity tech solutions inc

$203,800

Velocity tech solutions inc was initially approved for PPP Loan of amount $203,800, the current approved amount is $203,800. The loan was approved on 04/07/2020 by The Prime Security Bank reported 14 jobs and $203,800 was used to fund payroll.

Velocity tech solutions inc is Existing or more than 2 years old

PPP Loan Search / MN / ROSEVILLE / Velocity tech solutions inc

VELOCITY TECH SOLUTIONS INC

Date Approved

04/07/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

VELOCITY TECH SOLUTIONS INC

Borrower Address

2273 COUNTY ROAD C W

Borrower City

ROSEVILLE

Borrower State

MN

Borrower Zip

55113-2503

Loan Status Date

12/24/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

203800.00

Current Approval Amount

203800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38270

Servicing Lender Name

Prime Security Bank

Servicing Lender Address

201 Main St

Servicing Lender City

KARLSTAD

Servicing Lender State

MN

Servicing Lender Zip

56732

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ROSEVILLE

Project County Name

RAMSEY

Project State

MN

Project Zip

55113-2503

CD

MN-04

Jobs Reported

14

NAICS Code

541990

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

3300.00

Payroll Proceed

161000.00

Mortgage Interest Proceed

0.00

Rent Proceed

30000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

9500

Business Type

Corporation

Originating Lender Location Id

38270

Originating Lender

Prime Security Bank

Originating Lender City

KARLSTAD

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

194865.90

Forgiveness Date

11/03/2020

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