PPP Loan information for Velir studios inc

$2,166,107

Velir studios inc was initially approved for PPP Loan of amount $2,166,107, the current approved amount is $2,166,107. The loan was approved on 04/10/2020 by The Cambridge Savings Bank reported 111 jobs and $2,166,107 was used to fund payroll.

Velir studios inc is Existing or more than 2 years old

PPP Loan Search / MA / SOMERVILLE / Velir studios inc

VELIR STUDIOS INC

Date Approved

04/10/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

VELIR STUDIOS INC

Borrower Address

212 ELM ST

Borrower City

SOMERVILLE

Borrower State

MA

Borrower Zip

02144-2913

Loan Status Date

07/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2166107.00

Current Approval Amount

2166107.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

32698

Servicing Lender Name

Cambridge Savings Bank

Servicing Lender Address

1374 Massachusetts Ave

Servicing Lender City

CAMBRIDGE

Servicing Lender State

MA

Servicing Lender Zip

02138-3822

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SOMERVILLE

Project County Name

MIDDLESEX

Project State

MA

Project Zip

02144-2913

CD

MA-07

Jobs Reported

111

NAICS Code

541810

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

541527.00

Payroll Proceed

1624580.00

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

32698

Originating Lender

Cambridge Savings Bank

Originating Lender City

CAMBRIDGE

Originating Lender State

MA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2190675.99

Forgiveness Date

06/09/2021

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