# PPP loan: VERTEC TOOL, INC.
> **$751K** approved 04/13/2020 · Paid in Full · Loan `4562837105`
## Borrower
- **Name:** VERTEC TOOL, INC.
- **Address:** 1123 Elkton Drive, Colorado Springs, CO, 80907-3535
- **NAICS:** 333517
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $751K
- **Initial approval:** $751K
- **Forgiven:** $756K (101%)
- **Forgiveness date:** 12/31/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $751K
- **Jobs reported:** 49
## Lender
- **Originating:** 5Star Bank
- **Servicing:** 5Star Bank (CO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*