8-VELOCITY MOTORSPORT INC. (WA) - 2020 PPP Loan Borrower Profile (# 2157658506)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 8-VELOCITY MOTORSPORT INC.. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Washington.

Loan Detail

Loan Number

2157658506

SBA Office Code

1013

Processing Method

PPP

Curent Loan Amount

$6,750

Date Loan was Approved

Feb 20, 2021

Amount Forgiven

$6,782.73

Date Loan was Forgiven

Aug 18, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

6,748

Lender

Bank of America, National Association

Business Detail

Business Type

Subchapter S Corporation

NAICS

453998

Borrower Location

Lynnwood, WA

Project Location

Lynnwood, WA

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.