PPP Loan information for Velocity ventures, inc

$3,211,600

Velocity ventures, inc was initially approved for PPP Loan of amount $3,211,600, the current approved amount is $3,211,600. The loan was approved on 04/09/2020 by The Hancock Whitney Bank reported 317 jobs and $3,211,600 was used to fund payroll.

Velocity ventures, inc is Existing or more than 2 years old

PPP Loan Search / AL / AUBURN / Velocity ventures, inc

VELOCITY VENTURES, INC

Date Approved

04/09/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

VELOCITY VENTURES, INC

Borrower Address

459 N DEAN RD

Borrower City

AUBURN

Borrower State

AL

Borrower Zip

36830-5048

Loan Status Date

07/07/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

3211600.00

Current Approval Amount

3211600.00

Undisbursed Amount

0.00

Franchise Name

Express Oil Change/Tire Engineers

Servicing Lender Location Id

39232

Servicing Lender Name

Hancock Whitney Bank

Servicing Lender Address

2510 14th St One Hancock Plz

Servicing Lender City

GULFPORT

Servicing Lender State

MS

Servicing Lender Zip

39501

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

AUBURN

Project County Name

LEE

Project State

AL

Project Zip

36830-5048

CD

AL-03

Jobs Reported

317

NAICS Code

811191

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

3211600.00

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

39232

Originating Lender

Hancock Whitney Bank

Originating Lender City

GULFPORT

Originating Lender State

MS

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

3249068.67

Forgiveness Date

06/11/2021

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