# PPP loan: VERTILUX, LTD.
> **$1.04M** approved 04/08/2020 · Paid in Full · Loan `7823947008`
## Borrower
- **Name:** VERTILUX, LTD.
- **Address:** 7753 NW 79 Place, MEDLEY, FL, 33166-2153
- **NAICS:** 423220
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.04M
- **Initial approval:** $1.04M
- **Forgiven:** $1.05M (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $830K
- **Rent:** $108K
- **Utilities:** $12K
- **Health care:** $20K
- **Debt interest:** $72K
- **Jobs reported:** 108
## Lender
- **Originating:** Amerant Bank, National Association
- **Servicing:** Amerant Bank, National Association (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*