# PPP loan: VERTA CORPORATION
> **$179K** approved 04/06/2020 · Paid in Full · Loan `5856477006`
## Borrower
- **Name:** VERTA CORPORATION
- **Address:** 111 Golf Course Rd Suite 5, GRAND RAPIDS, MN, 55744-3526
- **NAICS:** 811310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $179K
- **Initial approval:** $179K
- **Forgiven:** $180K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $162K
- **Rent:** $6K
- **Utilities:** $800
- **Health care:** $10K
- **Debt interest:** $1K
- **Jobs reported:** 16
## Lender
- **Originating:** Deerwood Bank
- **Servicing:** Deerwood Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*