PPP Loan information for Vertex resource group inc

$3,992,010

Vertex resource group inc was initially approved for PPP Loan of amount $3,992,000, the current approved amount is $3,992,010. The loan was approved on 04/07/2020 by The St. Charles Bank & Trust Company, National Association reported 445 jobs and $3,992,010 was used to fund payroll.

Vertex resource group inc is Existing or more than 2 years old

VERTEX RESOURCE GROUP INC

Date Approved

04/07/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

VERTEX RESOURCE GROUP INC

Borrower Address

2570 Foxfield Rd Ste 200

Borrower City

SAINT CHARLES

Borrower State

IL

Borrower Zip

60174-1406

Loan Status Date

07/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

3992000.00

Current Approval Amount

3992010.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

111865

Servicing Lender Name

St. Charles Bank & Trust Company, National Association

Servicing Lender Address

411 W Main St

Servicing Lender City

SAINT CHARLES

Servicing Lender State

IL

Servicing Lender Zip

60174-1815

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SAINT CHARLES

Project County Name

KANE

Project State

IL

Project Zip

60174-1406

CD

IL-08

Jobs Reported

445

NAICS Code

541612

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

399201.00

Payroll Proceed

2994007.50

Mortgage Interest Proceed

0.00

Rent Proceed

598801.50

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

111865

Originating Lender

St. Charles Bank & Trust Company, National Association

Originating Lender City

SAINT CHARLES

Originating Lender State

IL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

4038583.45

Forgiveness Date

06/11/2021

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