# PPP loan: VERTACORE INC
> **$161K** approved 03/09/2021 · Exemption 4 · Loan `8152298503`
## Borrower
- **Name:** VERTACORE INC
- **Address:** 811 N Catalina Ave Ste 1000, Redondo Beach, CA, 90277-2186
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $161K
- **Initial approval:** $161K
- **Forgiven:** $159K (99%)
- **Forgiveness date:** 08/16/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $161K
- **Utilities:** $1
- **Jobs reported:** 19
## Lender
- **Originating:** Comerica Bank
- **Servicing:** Comerica Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*