As part of the Paycheck Protection Program VELIR STUDIOS INC was approved for a loan.

The Paycheck Protection Program (PPP) incentivized business owners to continue paying their workers during the pandemic. In late December 2020, a new PPP bill authorized additional funding for the program.

VELIR STUDIOS INC


Loan Amount	$2,166,107
BusinessName	VELIR STUDIOS INC
Address	212 ELM ST
City	SOMERVILLE
State	MA
Zip	2144
NAICSCode	541810
BusinessType	Subchapter S Corporation
RaceEthnicity	Unanswered
Gender	Unanswered
Veteran	Unanswered
NonProfit
JobsReported
DateApproved	04/10/2020
Lender	Cambridge Savings Bank
CD	MA-07
BusinessName.clean	VELIR STUDIOS

Data Sources

The data come from a release of over 5 million records by the SBA in November, 2020.

Who Could Apply?

Entities affected by Coronavirus (COVID-19) may have been eligible, including:

Small businesses that met SBA’s size standards
Sole proprietors, independent contractors, and self-employed persons

More info about the PPP is available from the Small Business Administration.

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