# PPP loan: VERTEX ENERGY, INC.
> **$4.22M** approved 04/27/2020 · Paid in Full · Loan `3906557202`
## Borrower
- **Name:** VERTEX ENERGY, INC.
- **Address:** 1331 GEMINI SUITE 250, HOUSTON, TX, 77058-2764
- **NAICS:** 423110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.22M
- **Initial approval:** $4.22M
- **Forgiven:** $4.27M (101%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $4.22M
- **Jobs reported:** 260
## Lender
- **Originating:** b1BANK
- **Servicing:** b1BANK (LA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*