# PPP loan: VERTRAUEN CHEMIE SOLUTIONS INC.
> **$1.22M** approved 04/14/2020 · Paid in Full · Loan `5779597100`
## Borrower
- **Name:** VERTRAUEN CHEMIE SOLUTIONS INC.
- **Address:** 1900 N Pearl Street, Dallas, TX, 75201-2449
- **NAICS:** 325998
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.22M
- **Initial approval:** $1.22M
- **Forgiven:** $1.23M (101%)
- **Forgiveness date:** 04/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.18M
- **Utilities:** $40K
- **Jobs reported:** 94
## Lender
- **Originating:** Texas Capital Bank
- **Servicing:** Texas Capital Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*