Velocity Drain Services Inc.

$83,117 PPP Loan in Elk River, Minnesota

Loan Details

Loan Number
6447007009
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$83,117
Current Approval
$84,667
Forgiveness Amount
$85,736
Forgiveness Date
Jul 22, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Velocity Drain Services Inc.
Address
9643 240th Ave NW
ZIP Code
55330
Business Type
Corporation
Industry (NAICS)
Construction (238220)
Business Age
Existing or more than 2 years old
Jobs Reported
10
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
MN-06

Loan Use Breakdown

Payroll
$63,567
Rent
$20,000
Utilities
$1,100

Lender Information

Servicing Lender
Loan Source Incorporated
Originating Lender
Stearns Bank National Association

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