# PPP loan: VERTICAL LAX INC.
> **$245K** approved 04/04/2020 · Exemption 4 · Loan `4752167008`
## Borrower
- **Name:** VERTICAL LAX INC.
- **Address:** 6868 Dunnsville Rd, ALTAMONT, NY, 12009-5319
- **NAICS:** 711211
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $245K
- **Initial approval:** $245K
- **Forgiven:** $205K (84%)
- **Forgiveness date:** 08/03/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $245K
- **Jobs reported:** 19
## Lender
- **Originating:** Ballston Spa National Bank
- **Servicing:** Ballston Spa National Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*