PPP Loan information for Veratech incorporated

$118,445

Veratech incorporated was initially approved for PPP Loan of amount $118,445, the current approved amount is $118,445. The loan was approved on 01/17/2021 by The Highland Bank reported 18 jobs and $118,445 was used to fund payroll.

Veratech incorporated is Existing or more than 2 years old

PPP Loan Search / MN / Hopkins / Veratech incorporated

VERATECH INCORPORATED

Date Approved

01/17/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

VERATECH INCORPORATED

Borrower Address

10601 Red Circle Dr

Borrower City

Hopkins

Borrower State

MN

Borrower Zip

55343-9107

Loan Status Date

10/07/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

118444.60

Current Approval Amount

118444.60

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38837

Servicing Lender Name

Highland Bank

Servicing Lender Address

113 Central Ave East

Servicing Lender City

St. Michael

Servicing Lender State

MN

Servicing Lender Zip

55376

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Hopkins

Project County Name

HENNEPIN

Project State

MN

Project Zip

55343-9107

CD

MN-03

Jobs Reported

18

NAICS Code

334418

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

118442.60

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

38837

Originating Lender

Highland Bank

Originating Lender City

St. Michael

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

119203.94

Forgiveness Date

09/14/2021

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