PPP Loan information for Velocity manufacturing

$19,800

Velocity manufacturing was initially approved for PPP Loan of amount $19,800, the current approved amount is $19,800. The loan was approved on 04/28/2020 by The Homestead Savings Bank reported 4 jobs and $19,800 was used to fund payroll.

Velocity manufacturing is Existing or more than 2 years old

PPP Loan Search / MI / ALBION / Velocity manufacturing

VELOCITY MANUFACTURING

Date Approved

04/28/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

VELOCITY MANUFACTURING

Borrower Address

921 Elliott Road

Borrower City

ALBION

Borrower State

MI

Borrower Zip

49224

Loan Status Date

09/25/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

19800.00

Current Approval Amount

19800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

79922

Servicing Lender Name

Homestead Savings Bank

Servicing Lender Address

415 S Superior St

Servicing Lender City

ALBION

Servicing Lender State

MI

Servicing Lender Zip

49224-2174

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

ALBION

Project County Name

CALHOUN

Project State

MI

Project Zip

49224-0001

CD

MI-05

Jobs Reported

4

NAICS Code

333249

Race

Unanswered

Ethnicity

Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

19800.00

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

79922

Originating Lender

Homestead Savings Bank

Originating Lender City

ALBION

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

20052.25

Forgiveness Date

08/23/2021

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