Velocity Prime Automotive, Inc.

$537,100 PPP Loan in Novato, California

Loan Details

Loan Number
9450387110
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$537,100
Current Approval
$537,100
Forgiveness Amount
$543,221
Forgiveness Date
Jun 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Velocity Prime Automotive, Inc.
Address
7123 Redwood Blvd
City
Novato
ZIP Code
94945
Business Type
Corporation
Industry (NAICS)
Retail Trade (441110)
Franchise
General Motors, LLC (chevrolet, Buick, Gm, Cadillac) Dealer Sales and Service Agreement
Business Age
Existing or more than 2 years old
Jobs Reported
25
Estimated Revenue
$6.3M
Rural/Urban
Urban
Congressional District
CA-02

Loan Use Breakdown

Payroll
$537,100

Lender Information

Servicing Lender
Live Oak Banking Company
Originating Lender
Live Oak Banking Company

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