INVICTUS TECHNICAL SOLUTIONS LLC
PPP Loan approved Feb 1, 2021 through Wells Fargo Bank, National Association
Borrower Information
Business Details
Lender Information
Self-Reported Demographics
How Proceeds Were Used
| Category | Amount | % of Total Proceeds |
|---|---|---|
| Payroll | $862,945.00 | 100.0% |
| Utilities | $1.00 | 0.0% |
About This Loan
INVICTUS TECHNICAL SOLUTIONS LLC received a PPP loan of $862,947 approved on Feb 1, 2021. The loan was originated by Wells Fargo Bank, National Association.
INVICTUS TECHNICAL SOLUTIONS LLC is a limited liability company(llc) located in ROSEBURG, Oregon. At the time of the application, the business was described as "existing or more than 2 years old".
The business operates in the Computer Systems Design and Related Services industry (NAICS 541519), part of the Professional, Scientific, and Technical Services sector of the economy. The applicant reported 64 jobs as retained through this loan.
The SBA forgave $869,661.44 of this loan — 100.8% of the total approved amount, with forgiveness recorded on Nov 16, 2021. This means the borrower was not required to repay this portion, having satisfied the PPP's eligibility criteria for forgiveness, including maintaining payroll levels and using the funds for qualified expenses.
According to the SBA's records, the proceeds of this loan were allocated as follows: $862,945 to payroll, $1 to utilities. The payroll component represents 100.0% of disclosed proceeds, consistent with the program's requirement that at least 60% of loan funds be used for payroll costs to qualify for full forgiveness.
This loan is one of millions approved nationwide during the COVID-19 pandemic. To explore other recipients in Oregon, visit the Oregon page. To compare this loan with others in the same industry, see the Computer Systems Design and Related Services industry page.