PPP Loan information for Velocity construction inc.

$11,500

Velocity construction inc. was initially approved for PPP Loan of amount $11,500, the current approved amount is $11,500. The loan was approved on 02/05/2021 by The State Bank of Southern Utah reported 2 jobs and $11,500 was used to fund payroll.

Velocity construction inc. is Existing or more than 2 years old

PPP Loan Search / UT / Cedar City / Velocity construction inc.

VELOCITY CONSTRUCTION INC.

Date Approved

02/05/2021

SBA Office Code

0883

Processing Method

PPS

Borrower Name

VELOCITY CONSTRUCTION INC.

Borrower Address

695 W 200 N

Borrower City

Cedar City

Borrower State

UT

Borrower Zip

84720-2408

Loan Status Date

03/08/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

11500.00

Current Approval Amount

11500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

72214

Servicing Lender Name

State Bank of Southern Utah

Servicing Lender Address

377 N Main St

Servicing Lender City

CEDAR CITY

Servicing Lender State

UT

Servicing Lender Zip

84721-2639

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Cedar City

Project County Name

IRON

Project State

UT

Project Zip

84720-2408

CD

UT-02

Jobs Reported

2

NAICS Code

236220

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

11500.00

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

72214

Originating Lender

State Bank of Southern Utah

Originating Lender City

CEDAR CITY

Originating Lender State

UT

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

11614.05

Forgiveness Date

02/10/2022

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