Velco Tool & Die INC

$1,320,987 PPP Loan in Lake Forest, California

Loan Details

Loan Number
4977317703
Date Approved
May 3, 2020
Loan Status
Exemption 4
Initial Approval
$1,320,987
Current Approval
$1,320,987
Forgiveness Amount
$1,050,550
Forgiveness Date
Oct 15, 2021
Term
60 months
Draw
First Draw

Business Information

Business Name
Velco Tool & Die INC
Address
20432 Barents Sea Cir
ZIP Code
92630-8807
Business Type
Corporation
Industry (NAICS)
Manufacturing (333514)
Business Age
New Business or 2 years or less
Jobs Reported
108
Estimated Revenue
$28.3M
Rural/Urban
Urban
Congressional District
CA-40

Loan Use Breakdown

Payroll
$1,320,987

Lender Information

Servicing Lender
Bank of America, National Association
Originating Lender
Bank of America, National Association

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