SBA 7(a)Paid in Full

Velocity Magnetics, Inc.

New Castle, PAFirst Commonwealth BankMotor and Generator Manufacturing · NAICS 335312

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APPROVAL AMOUNT

$1,586,400

PROGRAM

SBA 7(a)

10 years term

APPROVED

2021-04-26

4.75% rate

JOBS SUPPORTED

Borrower-reported

Loan details & location

LOCATION

New Castle, PA 16105

INDUSTRY

Motor and Generator Manufacturing · NAICS 335312

BUSINESS STRUCTURE

Corporation

LOAN TERM

10 years

INITIAL INTEREST RATE

4.75%

LOAN STATUS

Paid in Full

New Castle, PA 16105

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