# PPP loan: VERTEX
> **$505K** approved 04/27/2020 · Paid in Full · Loan `4549197207`
## Borrower
- **Name:** VERTEX
- **Address:** 600 International Dr, Budd Lake, NJ, 07828
- **NAICS:** 561422
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $505K
- **Initial approval:** $505K
- **Forgiven:** $509K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $379K
- **Rent:** $63K
- **Utilities:** $63K
- **Jobs reported:** 34
## Lender
- **Originating:** Fulton Bank, National Association
- **Servicing:** Fulton Bank, National Association (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*