# PPP loan: VER TECH LABORATORIES INC
> **$508K** approved 04/05/2020 · Paid in Full · Loan `5468727007`
## Borrower
- **Name:** VER TECH LABORATORIES INC
- **Address:** 6801 Bleck Drive, ROCKFORD, MN, 55373-5127
- **NAICS:** 325998
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $508K
- **Initial approval:** $497K
- **Forgiven:** $511K (101%)
- **Forgiveness date:** 11/12/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $508K
- **Jobs reported:** 36
## Lender
- **Originating:** Choice Financial Group
- **Servicing:** Choice Financial Group (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*