# PPP loan: VERTECHS ENTERPRISES, INC.
> **$803K** approved 05/01/2020 · Exemption 4 · Loan `5545437705`
## Borrower
- **Name:** VERTECHS ENTERPRISES, INC.
- **Address:** 1071 Industrial Pl, El Cajon, CA, 92020
- **NAICS:** 331523
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $803K
- **Initial approval:** $803K
- **Forgiven:** $747K (93%)
- **Forgiveness date:** 11/04/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $803K
- **Jobs reported:** 60
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*