Veldman's Service Center, Inc.

$414,700 PPP Loan in South Bend, Indiana

Loan Details

Loan Number
7762887009
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$414,700
Current Approval
$414,700
Forgiveness Amount
$417,534
Forgiveness Date
Dec 21, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Veldman's Service Center, Inc.
Address
5222 W. Western Ave
State
Indiana
ZIP Code
46619-2316
Business Type
Subchapter S Corporation
Industry (NAICS)
Other Services (except Public Administration) (811111)
Business Age
Existing or more than 2 years old
Jobs Reported
48
Estimated Revenue
$9.4M
Rural/Urban
Urban
Congressional District
IN-02

Loan Use Breakdown

Payroll
$386,590
Rent
$12,800
Utilities
$12,686
Debt Interest
$2,624

Lender Information

Servicing Lender
Lake City Bank
Originating Lender
Lake City Bank

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