# PPP loan: VERTICAL TURBINE SPECIALISTS INC
> **$688K** approved 01/17/2021 · Paid in Full · Loan `1440018307`
## Borrower
- **Name:** VERTICAL TURBINE SPECIALISTS INC
- **Address:** 1802 E 50th St, Lubbock, TX, 79404-4004
- **NAICS:** 333611
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $688K
- **Initial approval:** $688K
- **Forgiven:** $693K (101%)
- **Forgiveness date:** 10/06/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $688K
- **Utilities:** $1
- **Jobs reported:** 50
## Lender
- **Originating:** Town Center Bank
- **Servicing:** Town Center Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*