Velocity Telecom Services, LLC

$465,932 PPP Loan in Sterling, Virginia

Loan Details

Loan Number
8957337100
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$465,932
Current Approval
$465,932
Forgiveness Amount
$470,642
Forgiveness Date
Apr 28, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Velocity Telecom Services, LLC
Address
23020 Eaglewood Court Suite 100
ZIP Code
20166
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
32
Estimated Revenue
$10.5M
Rural/Urban
Urban
Congressional District
VA-10

Loan Use Breakdown

Payroll
$425,822
Rent
$28,687
Utilities
$1,422
Health Care
$8,811
Debt Interest
$1,190

Lender Information

Servicing Lender
Manufacturers and Traders Trust Company
Originating Lender
Manufacturers and Traders Trust Company

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