PPP Loan information for Velotech, inc.

$506,000

Velotech, inc. was initially approved for PPP Loan of amount $506,000, the current approved amount is $506,000. The loan was approved on 04/10/2020 by The Northwest Bank reported 39 jobs and $506,000 was used to fund payroll.

Velotech, inc. is Existing or more than 2 years old

PPP Loan Search / OR / PORTLAND / Velotech, inc.

VELOTECH, INC.

Date Approved

04/10/2020

SBA Office Code

1086

Processing Method

PPP

Borrower Name

VELOTECH, INC.

Borrower Address

5741 NE 87TH AVE

Borrower City

PORTLAND

Borrower State

OR

Borrower Zip

97220-1311

Loan Status Date

02/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

506000.00

Current Approval Amount

506000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

455234

Servicing Lender Name

Northwest Bank

Servicing Lender Address

1750 W Front St, Ste 150

Servicing Lender City

BOISE

Servicing Lender State

ID

Servicing Lender Zip

83702-5191

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

PORTLAND

Project County Name

MULTNOMAH

Project State

OR

Project Zip

97220-1311

CD

OR-03

Jobs Reported

39

NAICS Code

454110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

506000.00

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

Corporation

Originating Lender Location Id

455234

Originating Lender

Northwest Bank

Originating Lender City

BOISE

Originating Lender State

ID

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

508772.60

Forgiveness Date

11/03/2020

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