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Velvet Icecream Company.

$1,560,400 PPP Loan in Utica, Ohio

Loan Details

Loan Number
4980697005
Date Approved
Apr 4, 2020
Loan Status
Paid in Full
Initial Approval
$1,560,400
Current Approval
$1,560,400
Forgiveness Amount
$1,568,852
Forgiveness Date
Nov 3, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Velvet Icecream Company.
Address
11324 Mount Vernon Rd
City
Utica
State
Ohio
ZIP Code
43080-7703
Business Type
Corporation
Industry (NAICS)
Manufacturing (311520)
Business Age
Existing or more than 2 years old
Jobs Reported
189
Estimated Revenue
$66.7M
Rural/Urban
Rural
Congressional District
OH-12

Loan Use Breakdown

Payroll
$1,170,300
Rent
$300,000
Utilities
$90,100

Lender Information

Servicing Lender
Peoples Bank
Originating Lender
Peoples Bank

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