# PPP loan: VERTICAN TECHNOLOGIES, INC.
> **$1.38M** approved 04/10/2020 · Paid in Full · Loan `2579757102`
## Borrower
- **Name:** VERTICAN TECHNOLOGIES, INC.
- **Address:** 55 LANE RD STE 210, FAIRFIELD, NJ, 07004
- **NAICS:** 541511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.38M
- **Initial approval:** $1.38M
- **Forgiven:** $1.40M (101%)
- **Forgiveness date:** 04/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.20M
- **Rent:** $70K
- **Utilities:** $18K
- **Health care:** $95K
- **Jobs reported:** 69
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*