PPP Loan information for Velocity drain services inc.

$83,717

Velocity drain services inc. was initially approved for PPP Loan of amount $83,717, the current approved amount is $83,717. The loan was approved on 01/31/2021 by The Loan Source Incorporated reported 10 jobs and $83,717 was used to fund payroll.

Velocity drain services inc. is Existing or more than 2 years old

PPP Loan Search / MN / Elk River / Velocity drain services inc.

VELOCITY DRAIN SERVICES INC.

Date Approved

01/31/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

VELOCITY DRAIN SERVICES INC.

Borrower Address

9643 240th Ave NW

Borrower City

Elk River

Borrower State

MN

Borrower Zip

55330-4560

Loan Status Date

04/19/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

83717.00

Current Approval Amount

83717.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

188567

Servicing Lender Name

Loan Source Incorporated

Servicing Lender Address

353 East 83rd Street Suite 3H

Servicing Lender City

NEW YORK

Servicing Lender State

NY

Servicing Lender Zip

10028

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Elk River

Project County Name

SHERBURNE

Project State

MN

Project Zip

55330-4560

CD

MN-06

Jobs Reported

10

NAICS Code

238220

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

83715.00

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

29599

Originating Lender

Northeast Bank

Originating Lender City

LEWISTON

Originating Lender State

ME

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

84613.80

Forgiveness Date

03/10/2022

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