PPP Loan information for Veloci performance products, inc.

$206,900

Veloci performance products, inc. was initially approved for PPP Loan of amount $206,900, the current approved amount is $206,900. The loan was approved on 04/05/2020 by The MidWestOne Bank reported 15 jobs and $206,900 was used to fund payroll.

Veloci performance products, inc. is Existing or more than 2 years old

PPP Loan Search / MN / SAVAGE / Veloci performance products, inc.

VELOCI PERFORMANCE PRODUCTS, INC.

Date Approved

04/05/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

VELOCI PERFORMANCE PRODUCTS, INC.

Borrower Address

12800 South Highway 13 Ste 500

Borrower City

SAVAGE

Borrower State

MN

Borrower Zip

55378

Loan Status Date

02/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

206900.00

Current Approval Amount

206900.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25117

Servicing Lender Name

MidWestOne Bank

Servicing Lender Address

102 S Clinton St

Servicing Lender City

IOWA CITY

Servicing Lender State

IA

Servicing Lender Zip

52240-4065

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SAVAGE

Project County Name

SCOTT

Project State

MN

Project Zip

55378-0001

CD

MN-02

Jobs Reported

15

NAICS Code

423830

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

12931.25

Payroll Proceed

155175.00

Mortgage Interest Proceed

12931.25

Rent Proceed

12931.25

Refinance EIDL Proceed

0.00

Health Care Proceed

12931.25

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

25117

Originating Lender

MidWestOne Bank

Originating Lender City

IOWA CITY

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

208497.73

Forgiveness Date

01/20/2021

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