As part of the Paycheck Protection Program VELOCITY SERVICES GROUP 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.

VELOCITY SERVICES GROUP INC


Loan Amount	$1,265,623
BusinessName	VELOCITY SERVICES GROUP INC
Address	2300 HOLLOMAN ST STE 101
City	CONROE
State	TX
Zip	77301
NAICSCode	236118
BusinessType	Corporation
RaceEthnicity	Unanswered
Gender	Unanswered
Veteran	Unanswered
NonProfit
JobsReported	36
DateApproved	05/08/2020
Lender	Bank of America, National Association
CD	TX-08
BusinessName.clean	VELOCITY SERVICES GROUP

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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