PPP Loan information for Vela institute inc

$72,385

Vela institute inc was initially approved for PPP Loan of amount $58,212, the current approved amount is $72,385. The loan was approved on 01/25/2021 by The First National Bank of Pennsylvania reported 6 jobs and $72,385 was used to fund payroll.

Vela institute inc is Existing or more than 2 years old

PPP Loan Search / NC / Boone / Vela institute inc

VELA INSTITUTE INC

Date Approved

01/25/2021

SBA Office Code

0460

Processing Method

PPS

Borrower Name

VELA INSTITUTE INC

Borrower Address

237 Chestnut Hill Dr

Borrower City

Boone

Borrower State

NC

Borrower Zip

28607-8023

Loan Status Date

09/28/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

58212.00

Current Approval Amount

72385.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

60275

Servicing Lender Name

First National Bank of Pennsylvania

Servicing Lender Address

166 Main St

Servicing Lender City

GREENVILLE

Servicing Lender State

PA

Servicing Lender Zip

16125-2146

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Boone

Project County Name

WATAUGA

Project State

NC

Project Zip

28607-8023

CD

NC-05

Jobs Reported

6

NAICS Code

611710

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

72385.00

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

Professional Association

Originating Lender Location Id

60275

Originating Lender

First National Bank of Pennsylvania

Originating Lender City

GREENVILLE

Originating Lender State

PA

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

72775.07

Forgiveness Date

08/24/2021

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