# PPP loan: VERTEX GROUP INC.
> **$175K** approved 04/28/2020 · Paid in Full · Loan `7697307209`
## Borrower
- **Name:** VERTEX GROUP INC.
- **Address:** 197 Route 18 South, Suite 237S, East Brunswick, NJ, 08816
- **NAICS:** 541512
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $175K
- **Initial approval:** $175K
- **Forgiven:** $176K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $117K
- **Rent:** $27K
- **Health care:** $31K
- **Jobs reported:** 5
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*