# PPP loan: VERTRE CORPORATION
> **$220K** approved 05/06/2020 · Charged Off · Loan `2865267403`
## Borrower
- **Name:** VERTRE CORPORATION
- **Address:** 10101 FONDREN RD SUITE 305, HOUSTON, TX, 77096-5760
- **NAICS:** 212321
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $220K
- **Initial approval:** $220K
- **Status:** Charged Off
- **Term:** 4 months
## Use of funds
- **Payroll:** $165K
- **Mortgage interest:** $28K
- **Utilities:** $28K
- **Jobs reported:** 25
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*