# PPP loan: VERTEX COMMUNICATION GROUP, INC.
> **$223K** approved 04/15/2020 · Paid in Full · Loan `8544957100`
## Borrower
- **Name:** VERTEX COMMUNICATION GROUP, INC.
- **Address:** 241 East 4th Street Suite 103, Frederick, MD, 21701
- **NAICS:** 541613
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $223K
- **Initial approval:** $223K
- **Forgiven:** $226K (101%)
- **Forgiveness date:** 08/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $202K
- **Rent:** $9K
- **Utilities:** $300
- **Health care:** $12K
- **Jobs reported:** 15
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*