PPP Loan information for Velocity transport inc.

$454,733

Velocity transport inc. was initially approved for PPP Loan of amount $454,733, the current approved amount is $454,733. The loan was approved on 04/13/2021 by The Cross River Bank reported 25 jobs and $454,733 was used to fund payroll.

Velocity transport inc. is Existing or more than 2 years old

PPP Loan Search / WI / Mount Pleasant / Velocity transport inc.

VELOCITY TRANSPORT INC.

Date Approved

04/13/2021

SBA Office Code

0563

Processing Method

PPP

Borrower Name

VELOCITY TRANSPORT INC.

Borrower Address

5801 Washington Ave

Borrower City

Mount Pleasant

Borrower State

WI

Borrower Zip

53406-4057

Loan Status Date

07/08/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

454733.00

Current Approval Amount

454733.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

456756

Servicing Lender Name

Cross River Bank

Servicing Lender Address

885 Teaneck Rd

Servicing Lender City

TEANECK

Servicing Lender State

NJ

Servicing Lender Zip

07666-4546

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Mount Pleasant

Project County Name

RACINE

Project State

WI

Project Zip

53406-4057

CD

WI-01

Jobs Reported

25

NAICS Code

484121

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

454728.00

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

Subchapter S Corporation

Originating Lender Location Id

456756

Originating Lender

Cross River Bank

Originating Lender City

TEANECK

Originating Lender State

NJ

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

460065.21

Forgiveness Date

06/21/2022

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