Velox Internatinal Shipping INC

$300,000 PPP Loan in East Hanover, New Jersey

Loan Details

Loan Number
2541817210
Date Approved
Apr 16, 2020
Loan Status
Paid in Full
Initial Approval
$300,000
Current Approval
$300,000
Forgiveness Amount
$301,691
Forgiveness Date
Nov 12, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Velox Internatinal Shipping INC
Address
31 Merry Ln
ZIP Code
07936
Business Type
Corporation
Industry (NAICS)
Transportation and Warehousing (488510)
Business Age
Existing or more than 2 years old
Jobs Reported
22
Estimated Revenue
$8.5M
Rural/Urban
Urban
Congressional District
NJ-11

Loan Use Breakdown

Payroll
$264,000
Rent
$30,000
Utilities
$2,000
Health Care
$4,000

Lender Information

Servicing Lender
Jpmorgan Chase Bank, National Association
Originating Lender
Jpmorgan Chase Bank, National Association

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