PPP Loan information for Vel's inc

$175,000

Vel's inc was initially approved for PPP Loan of amount $175,000, the current approved amount is $175,000. The loan was approved on 03/12/2021 by The TD Bank, National Association reported 40 jobs and $175,000 was used to fund payroll.

Vel's inc is Existing or more than 2 years old

PPP Loan Search / MA / West Wareham / Vel's inc

VEL'S INC

Date Approved

03/12/2021

SBA Office Code

0101

Processing Method

PPS

Borrower Name

VEL'S INC

Borrower Address

2352 Cranberry Hwy

Borrower City

West Wareham

Borrower State

MA

Borrower Zip

02576-1208

Loan Status Date

02/18/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

175000.00

Current Approval Amount

175000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

29805

Servicing Lender Name

TD Bank, National Association

Servicing Lender Address

2035 Limestone Rd

Servicing Lender City

WILMINGTON

Servicing Lender State

DE

Servicing Lender Zip

19808-5529

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

West Wareham

Project County Name

PLYMOUTH

Project State

MA

Project Zip

02576-1208

CD

MA-09

Jobs Reported

40

NAICS Code

722511

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

174998.00

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

29805

Originating Lender

TD Bank, National Association

Originating Lender City

WILMINGTON

Originating Lender State

DE

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

176404.86

Forgiveness Date

01/03/2022

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