# PPP loan: VATECH AMERICA, INC.
> **$1.57M** approved 04/29/2020 · Paid in Full · Loan `4454827301`
## Borrower
- **Name:** VATECH AMERICA, INC.
- **Address:** 2200 Fletcher Avenue, Fort Lee, NJ, 07024
- **NAICS:** 423990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.57M
- **Initial approval:** $1.57M
- **Forgiven:** $1.58M (101%)
- **Forgiveness date:** 05/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.18M
- **Rent:** $392K
- **Jobs reported:** 77
## Lender
- **Originating:** Celtic Bank Corporation
- **Servicing:** Celtic Bank Corporation (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*