Veracity Machine

$178,000 PPP Loan in Madisonville, Louisiana

Loan Details

Loan Number
4982467010
Date Approved
Apr 4, 2020
Loan Status
Exemption 4
Initial Approval
$178,000
Current Approval
$178,000
Forgiveness Amount
$128,596
Forgiveness Date
Mar 7, 2022
Term
60 months
Draw
First Draw

Business Information

Business Name
Veracity Machine
Address
101 Ashland Way
ZIP Code
70447-3357
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Mining, Quarrying, and Oil and Gas Extraction (213112)
Business Age
Existing or more than 2 years old
Jobs Reported
10
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
LA-01

Loan Use Breakdown

Payroll
$145,000
Rent
$20,000
Utilities
$13,000

Lender Information

Servicing Lender
Bom Bank
Originating Lender
Bom Bank

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