PPP Loan information for Velocity drain services inc.

$84,667

Velocity drain services inc. was initially approved for PPP Loan of amount $83,117, the current approved amount is $84,667. The loan was approved on 04/06/2020 by The Loan Source Incorporated reported 10 jobs and $84,667 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

04/06/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

VELOCITY DRAIN SERVICES INC.

Borrower Address

9643 240th Ave NW

Borrower City

ELK RIVER

Borrower State

MN

Borrower Zip

55330

Loan Status Date

02/19/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

83117.00

Current Approval Amount

84667.00

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

55330-0001

CD

MN-06

Jobs Reported

10

NAICS Code

238220

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1100.00

Payroll Proceed

63567.00

Mortgage Interest Proceed

0.00

Rent Proceed

20000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

36581

Originating Lender

Stearns Bank National Association

Originating Lender City

SAINT CLOUD

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

85736.36

Forgiveness Date

07/22/2021

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