PPP Loan information for Velox insurance inc

$231,839

Velox insurance inc was initially approved for PPP Loan of amount $231,839, the current approved amount is $231,839. The loan was approved on 05/08/2020 by The Bank of America, National Association reported 25 jobs and $231,839 was used to fund payroll.

Velox insurance inc is Existing or more than 2 years old

PPP Loan Search / GA / MARIETTA / Velox insurance inc

VELOX INSURANCE INC

Date Approved

05/08/2020

SBA Office Code

0405

Processing Method

PPP

Borrower Name

VELOX INSURANCE INC

Borrower Address

2252 NORTHWEST PKWY SE STE F

Borrower City

MARIETTA

Borrower State

GA

Borrower Zip

30067-9301

Loan Status Date

04/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

231839.00

Current Approval Amount

231839.00

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

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

MARIETTA

Project County Name

COBB

Project State

GA

Project Zip

30067-9301

CD

GA-11

Jobs Reported

25

NAICS Code

524210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

231839.00

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

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

233814.40

Forgiveness Date

03/19/2021

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