PPP Loan information for Velocity llc

$358,375

Velocity llc was initially approved for PPP Loan of amount $358,375, the current approved amount is $358,375. The loan was approved on 05/15/2020 by The WebBank reported 45 jobs and $358,375 was used to fund payroll.

Velocity llc is Existing or more than 2 years old

PPP Loan Search / OR / Portland / Velocity llc

VELOCITY LLC

Date Approved

05/15/2020

SBA Office Code

1086

Processing Method

PPP

Borrower Name

VELOCITY LLC

Borrower Address

9020 SW Washington Square Rd Suite 220

Borrower City

Portland

Borrower State

OR

Borrower Zip

97223

Loan Status Date

06/08/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

358375.00

Current Approval Amount

358375.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

122043

Servicing Lender Name

WebBank

Servicing Lender Address

215 S State St, Ste 1000

Servicing Lender City

SALT LAKE CITY

Servicing Lender State

UT

Servicing Lender Zip

84111-2336

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Portland

Project County Name

WASHINGTON

Project State

OR

Project Zip

97223-0001

CD

OR-01

Jobs Reported

45

NAICS Code

518210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

358375.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

122043

Originating Lender

WebBank

Originating Lender City

SALT LAKE CITY

Originating Lender State

UT

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

365462.86

Forgiveness Date

05/05/2022

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