PPP Loan information for Virtual matrix corporation

$422,477

Virtual matrix corporation was initially approved for PPP Loan of amount $422,477, the current approved amount is $422,477. The loan was approved on 05/27/2021 by The Woodlands National Bank reported 9 jobs and $422,477 was used to fund payroll.

Virtual matrix corporation is Existing or more than 2 years old

PPP Loan Search / MN / Edina / Virtual matrix corporation

VIRTUAL MATRIX CORPORATION

Date Approved

05/27/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

VIRTUAL MATRIX CORPORATION

Borrower Address

7300 France Ave S Ste 210

Borrower City

Edina

Borrower State

MN

Borrower Zip

55435-4542

Loan Status Date

05/06/2023

Loan Status

Charged Off

Term

37

SBA Guaranty Percentage

100

Initial Approval Amount

422477.33

Current Approval Amount

422477.33

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38241

Servicing Lender Name

Woodlands National Bank

Servicing Lender Address

122 E Main St

Servicing Lender City

HINCKLEY

Servicing Lender State

MN

Servicing Lender Zip

55037

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Edina

Project County Name

HENNEPIN

Project State

MN

Project Zip

55435-4542

CD

MN-03

Jobs Reported

9

NAICS Code

541511

Race

Asian

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

422475.33

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

38241

Originating Lender

Woodlands National Bank

Originating Lender City

HINCKLEY

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

342076.53

Forgiveness Date

02/06/2023

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