Velocity Tech Solutions INC

$203,800 PPP Loan in Roseville, Minnesota

Loan Details

Loan Number
7037027006
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$203,800
Current Approval
$203,800
Forgiveness Amount
$204,949
Forgiveness Date
Feb 16, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Velocity Tech Solutions INC
Address
2273 County Road C W
ZIP Code
55113-2503
Business Type
Corporation
Industry (NAICS)
Professional, Scientific, and Technical Services (541990)
Business Age
Existing or more than 2 years old
Jobs Reported
14
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
MN-04

Loan Use Breakdown

Payroll
$161,000
Rent
$30,000
Utilities
$3,300
Debt Interest
$9,500

Lender Information

Servicing Lender
Prime Security Bank
Originating Lender
Prime Security Bank

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