# PPP loan: VERRETEC COMPOSITE MATERIALS LLC
> **$190K** approved 04/27/2020 · Exemption 4 · Loan `5263287209`
## Borrower
- **Name:** VERRETEC COMPOSITE MATERIALS LLC
- **Address:** 1655 ORR AVE, KITTANNING, PA, 16201-1015
- **NAICS:** 423610
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Unanswered
## Loan
- **Approval amount:** $190K
- **Initial approval:** $190K
- **Forgiven:** $114K (60%)
- **Forgiveness date:** 09/20/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $190K
- **Jobs reported:** 10
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*