# PPP loan: VEKTREX ELECTRONIC SYSTEMS INC
> **$452K** approved 02/18/2021 · Exemption 4 · Loan `1221338505`
## Borrower
- **Name:** VEKTREX ELECTRONIC SYSTEMS INC
- **Address:** 10225 Barnes Canyon Rd Ste A213, San Diego, CA, 92121-2734
- **NAICS:** 334515
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $452K
- **Initial approval:** $452K
- **Forgiven:** $421K (93%)
- **Forgiveness date:** 06/27/2023
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $452K
- **Utilities:** $1
- **Jobs reported:** 25
## Lender
- **Originating:** US Bank National Association
- **Servicing:** U.S. Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*