# PPP loan: VERTISYSTEM INC
> **$3.11M** approved 04/27/2020 · Paid in Full · Loan `4601197205`
## Borrower
- **Name:** VERTISYSTEM INC
- **Address:** 39300 Civic Center Drive, Suite 160, Fremont, CA, 94538
- **NAICS:** 541511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.11M
- **Initial approval:** $3.11M
- **Forgiven:** $3.14M (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.11M
- **Jobs reported:** 208
## Lender
- **Originating:** Mid Penn Bank
- **Servicing:** Mid Penn Bank (PA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*