Velocity Magnetics Inc.
$294,896 PPP Loan in New Castle, Pennsylvania
Loan Details
- Loan Number
- 3819208505
- Date Approved
- Feb 24, 2021
- Loan Status
- Paid in Full
- Initial Approval
- $294,896
- Current Approval
- $294,896
- Forgiveness Amount
- $297,990
- Forgiveness Date
- Mar 17, 2022
- Term
- 60 months
- Draw
- Second Draw
Business Information
- Business Name
- Velocity Magnetics Inc.
- Address
- 200 Green Ridge Rd
- City
- New Castle
- State
- Pennsylvania
- ZIP Code
- 16105-6140
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Manufacturing (335312)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 22
- Estimated Revenue
- $5.8M
- Rural/Urban
- Rural
- Congressional District
- PA-16
Loan Use Breakdown
- Payroll
- $294,894
- Utilities
- $1
Lender Information
- Servicing Lender
- First Commonwealth Bank
- Originating Lender
- First Commonwealth Bank
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