# PPP loan: VERTICAL LAX INC
> **$245K** approved 02/19/2021 · Paid in Full · Loan `1488638500`
## Borrower
- **Name:** VERTICAL LAX INC
- **Address:** 6868 Dunnsville Rd, Altamont, NY, 12009-5319
- **NAICS:** 339920
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $245K
- **Initial approval:** $245K
- **Forgiven:** $249K (101%)
- **Forgiveness date:** 06/16/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $245K
- **Utilities:** $1
- **Jobs reported:** 19
## Lender
- **Originating:** Ballston Spa National Bank
- **Servicing:** Ballston Spa National Bank (NY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*