# PPP loan: VERTICAL VENTURES INC.
> **$204K** approved 04/07/2020 · Paid in Full · Loan `7446517001`
## Borrower
- **Name:** VERTICAL VENTURES INC.
- **Address:** 5450 nw 82nd avenue, MIAMI, FL, 33166-4022
- **NAICS:** 713990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $204K
- **Initial approval:** $204K
- **Forgiven:** $205K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $153K
- **Utilities:** $51K
- **Jobs reported:** 48
## Lender
- **Originating:** City National Bank of Florida
- **Servicing:** City National Bank of Florida (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*