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VELMONT TRANSPORTATION INC.

Company Details

Entity Name: VELMONT TRANSPORTATION INC.
Jurisdiction: Illinois
Entity Type: Corporation - Domestic BCA
Status: Goodstanding
Date Formed: 13 Sep 2016
Company Number: CORP_70844524
File Number: 70844524
Type of Business: All Inclusive Purpose
Place of Formation: ILLINOIS

Agent

Name and Address Role Appointment Date
MICHAEL THOMAS VELMONT, 775 W PEDER LANE, PALATINE, 60067, COOK-NOT IN CITY OF CHICAGO Agent 2016-09-13

President

Name and Address Role
MICHAEL T VELMONT, 775 W PEDERLN, PALATINE, IL, 60067 President

Secretary

Name and Address Role
MICHAEL T VELMONT, 775 W PEDERLN, PALATINE, IL 60067 Secretary

Shares

Class Series Voting Rights Authorized Shares Issued Shares Par Value
COMMON No data Voting Rights 1000000 32400000 10

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
3507327402 2020-05-07 0507 PPP 775 W. Peder Lane, PALATINE, IL, 60067-2362
Loan Status Date 2021-06-03
Loan Status Paid in Full
Loan Maturity in Months 24
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 130092
Loan Approval Amount (current) 130092
Undisbursed Amount 0
Franchise Name -
Lender Location ID 81983
Servicing Lender Name Peoples Bank
Servicing Lender Address 9204 Columbia Ave, MUNSTER, IN, 46321-3570
Rural or Urban Indicator U
Hubzone N
LMI N
Business Age Description Existing or more than 2 years old
Project Address PALATINE, COOK, IL, 60067-2362
Project Congressional District IL-05
Number of Employees 10
NAICS code 492110
Borrower Race White
Borrower Ethnicity Not Hispanic or Latino
Business Type Subchapter S Corporation
Originating Lender ID 78394
Originating Lender Name Peoples Bank
Originating Lender Address CHICAGO, IL
Gender Male Owned
Veteran Non-Veteran
Forgiveness Amount 131429.06
Forgiveness Paid Date 2021-05-18

Date of last update: 13 Feb 2025

Sources: Illinois Office of the Secretary of State