PPP Loan information for Vela investment corporation

$255,000

Vela investment corporation was initially approved for PPP Loan of amount $255,000, the current approved amount is $255,000. The loan was approved on 04/16/2020 by The Texas Regional Bank reported 102 jobs and $255,000 was used to fund payroll.

Vela investment corporation is Existing or more than 2 years old

PPP Loan Search / TX / EDINBURG / Vela investment corporation

VELA INVESTMENT CORPORATION

Date Approved

04/16/2020

SBA Office Code

0639

Processing Method

PPP

Borrower Name

VELA INVESTMENT CORPORATION

Borrower Address

3523 W ALBERTA RD

Borrower City

EDINBURG

Borrower State

TX

Borrower Zip

78539-8466

Loan Status Date

12/16/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

255000.00

Current Approval Amount

255000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

111233

Servicing Lender Name

Texas Regional Bank

Servicing Lender Address

6770 W Expy 83

Servicing Lender City

HARLINGEN

Servicing Lender State

TX

Servicing Lender Zip

78552

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

EDINBURG

Project County Name

HIDALGO

Project State

TX

Project Zip

78539-8466

CD

TX-15

Jobs Reported

102

NAICS Code

621610

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

255000.00

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

Corporation

Originating Lender Location Id

111233

Originating Lender

Texas Regional Bank

Originating Lender City

HARLINGEN

Originating Lender State

TX

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

256543.97

Forgiveness Date

11/27/2020

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