Velocity Machine, Inc.

$1,319,900 PPP Loan in De Pere, Wisconsin

Loan Details

Loan Number
8992417008
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$1,319,900
Current Approval
$1,319,900
Forgiveness Amount
$1,327,422
Forgiveness Date
Nov 12, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Velocity Machine, Inc.
Address
1400 Main Ave
ZIP Code
54115-9369
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (332721)
Business Age
Existing or more than 2 years old
Jobs Reported
101
Estimated Revenue
$24.7M
Rural/Urban
Urban
Congressional District
WI-08

Loan Use Breakdown

Payroll
$989,925
Rent
$164,988
Utilities
$164,987

Lender Information

Servicing Lender
Johnson Bank
Originating Lender
Johnson Bank

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