# PPP loan: VELOCITY EQUIPMENT SOLUTIONS LLC
> **$278K** approved 04/10/2020 · Paid in Full · Loan `1570067106`
## Borrower
- **Name:** VELOCITY EQUIPMENT SOLUTIONS LLC
- **Address:** 1902 NEW BUTLER ROAD, NEW CASTLE, PA, 16107
- **NAICS:** 325211
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $278K
- **Initial approval:** $278K
- **Forgiven:** $282K (101%)
- **Forgiveness date:** 09/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $278K
- **Jobs reported:** 12
## Lender
- **Originating:** The Huntington National Bank
- **Servicing:** The Huntington National Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*