# PPP loan: VERTECHS ENTERPRISES INC.
> **$736K** approved 02/03/2021 · Paid in Full · Loan `2238378409`
## Borrower
- **Name:** VERTECHS ENTERPRISES INC.
- **Address:** 1071 Industrial Pl, El Cajon, CA, 92020-3107
- **NAICS:** 332312
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $736K
- **Initial approval:** $736K
- **Forgiven:** $745K (101%)
- **Forgiveness date:** 05/19/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $736K
- **Utilities:** $1
- **Jobs reported:** 40
## Lender
- **Originating:** Banc of California
- **Servicing:** Banc of California (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*