PPP Loan information for Veratech, incorporated

$85,822

Veratech, incorporated was initially approved for PPP Loan of amount $85,822, the current approved amount is $85,822. The loan was approved on 04/15/2020 by The U.S. Bank, National Association reported 15 jobs and $85,822 was used to fund payroll.

Veratech, incorporated is New Business or 2 years or less

PPP Loan Search / MN / MINNETONKA / Veratech, incorporated

VERATECH, INCORPORATED

Date Approved

04/15/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

VERATECH, INCORPORATED

Borrower Address

10601 RED DR

Borrower City

MINNETONKA

Borrower State

MN

Borrower Zip

55343

Loan Status Date

12/24/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

85822.00

Current Approval Amount

85822.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

53803

Servicing Lender Name

U.S. Bank, National Association

Servicing Lender Address

425 Walnut St

Servicing Lender City

CINCINNATI

Servicing Lender State

OH

Servicing Lender Zip

45202-3956

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

New Business or 2 years or less

Project City

MINNETONKA

Project County Name

HENNEPIN

Project State

MN

Project Zip

55343-0001

CD

MN-03

Jobs Reported

15

NAICS Code

334418

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

85822.00

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

53803

Originating Lender

U.S. Bank, National Association

Originating Lender City

CINCINNATI

Originating Lender State

OH

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

86282.10

Forgiveness Date

11/02/2020

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