PPP Loan information for Verellen, inc.

$974,857

Verellen, inc. was initially approved for PPP Loan of amount $974,857, the current approved amount is $974,857. The loan was approved on 04/14/2020 by The Triad Business Bank reported 81 jobs and $974,857 was used to fund payroll.

Verellen, inc. is Existing or more than 2 years old

PPP Loan Search / NC / HIGH POINT / Verellen, inc.

VERELLEN, INC.

Date Approved

04/14/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

VERELLEN, INC.

Borrower Address

5297 Prospect Street

Borrower City

HIGH POINT

Borrower State

NC

Borrower Zip

27263-3963

Loan Status Date

04/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

974856.80

Current Approval Amount

974856.80

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

528466

Servicing Lender Name

Triad Business Bank

Servicing Lender Address

1501 Highwoods Blvd, Ste 103

Servicing Lender City

GREENSBORO

Servicing Lender State

NC

Servicing Lender Zip

27410-2051

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

HIGH POINT

Project County Name

RANDOLPH

Project State

NC

Project Zip

27263-3963

CD

NC-09

Jobs Reported

81

NAICS Code

337121

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

974856.80

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

528466

Originating Lender

Triad Business Bank

Originating Lender City

GREENSBORO

Originating Lender State

NC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

983386.80

Forgiveness Date

03/05/2021

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