Velos LLC

$889,400 PPP Loan in Princess Anne, Maryland

Loan Details

Loan Number
2083077204
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$889,400
Current Approval
$889,400
Forgiveness Amount
$900,438
Forgiveness Date
Jul 29, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Velos LLC
Address
11779 Somerset Avenue
ZIP Code
21853
Business Type
Sole Proprietorship
Industry (NAICS)
Retail Trade (453998)
Business Age
Existing or more than 2 years old
Jobs Reported
55
Estimated Revenue
$8.6M
Rural/Urban
Rural
Congressional District
MD-01

Loan Use Breakdown

Payroll
$889,400

Lender Information

Servicing Lender
Customers Bank
Originating Lender
Readycap Lending, LLC

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