As part of the Paycheck Protection Program VELOCITY MOTORS LLC 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.

VELOCITY MOTORS LLC


Loan Amount	$1,527,000
BusinessName	VELOCITY MOTORS LLC
Address	780 W Martin Luther King jr. Blvd
City	LOS ANGELES
State	CA
Zip	90037
NAICSCode	441120
BusinessType	Limited Liability Company(LLC)
RaceEthnicity	Unanswered
Gender	Unanswered
Veteran	Unanswered
NonProfit
JobsReported	115
DateApproved	04/05/2020
Lender	City National Bank of Florida
CD	CA-37
BusinessName.clean	VELOCITY MOTORS

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.

Other Organizations with PPP Loans

BBS ENTERPRISES
VELOCITY SERVICES GROUP
VELOCITY THE GREATEST PHONE COMPANY EVER
VELOCITY URGENT CARE
VELOCITY VENTURES