Velocity Network, Inc.

$781,000 PPP Loan in Erie, Pennsylvania

Loan Details

Loan Number
5993637002
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$781,000
Current Approval
$781,000
Forgiveness Amount
$786,970
Forgiveness Date
Jan 20, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Velocity Network, Inc.
Address
121 West 10th St
City
Erie
ZIP Code
16501-1409
Business Type
Corporation
Industry (NAICS)
Professional, Scientific, and Technical Services (541511)
Business Age
Existing or more than 2 years old
Jobs Reported
71
Estimated Revenue
$14.7M
Rural/Urban
Urban
Congressional District
PA-16

Loan Use Breakdown

Payroll
$624,000
Utilities
$100,000
Mortgage Interest
$57,000

Lender Information

Servicing Lender
Cnb Bank
Originating Lender
Cnb Bank

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