PPP Loan information for Velocity electric corporation

$144,200

Velocity electric corporation was initially approved for PPP Loan of amount $144,200, the current approved amount is $144,200. The loan was approved on 04/15/2020 by The Umpqua Bank reported 12 jobs and $144,200 was used to fund payroll.

Velocity electric corporation is Existing or more than 2 years old

PPP Loan Search / WA / BELLINGHAM / Velocity electric corporation

VELOCITY ELECTRIC CORPORATION

Date Approved

04/15/2020

SBA Office Code

1013

Processing Method

PPP

Borrower Name

VELOCITY ELECTRIC CORPORATION

Borrower Address

4545 Hannegan Rd

Borrower City

BELLINGHAM

Borrower State

WA

Borrower Zip

98226-7716

Loan Status Date

10/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

144200.00

Current Approval Amount

144200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

59698

Servicing Lender Name

Umpqua Bank

Servicing Lender Address

445 SE Main St, First Fl

Servicing Lender City

ROSEBURG

Servicing Lender State

OR

Servicing Lender Zip

97470-4934

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

BELLINGHAM

Project County Name

WHATCOM

Project State

WA

Project Zip

98226-7716

CD

WA-02

Jobs Reported

12

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

144200.00

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

59698

Originating Lender

Umpqua Bank

Originating Lender City

ROSEBURG

Originating Lender State

OR

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

146159.54

Forgiveness Date

09/01/2021

;