PPP Loan information for Vertec tool, inc.

$750,667

Vertec tool, inc. was initially approved for PPP Loan of amount $750,667, the current approved amount is $750,667. The loan was approved on 04/13/2020 by The 5Star Bank reported 49 jobs and $750,667 was used to fund payroll.

Vertec tool, inc. is Existing or more than 2 years old

PPP Loan Search / CO / Colorado Springs / Vertec tool, inc.

VERTEC TOOL, INC.

Date Approved

04/13/2020

SBA Office Code

0811

Processing Method

PPP

Borrower Name

VERTEC TOOL, INC.

Borrower Address

1123 Elkton Drive

Borrower City

Colorado Springs

Borrower State

CO

Borrower Zip

80907-3535

Loan Status Date

01/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

750667.00

Current Approval Amount

750667.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

110204

Servicing Lender Name

5Star Bank

Servicing Lender Address

104 S Cascade Ave, Ste 102

Servicing Lender City

Colorado Springs

Servicing Lender State

CO

Servicing Lender Zip

80914

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Colorado Springs

Project County Name

EL PASO

Project State

CO

Project Zip

80907-3535

CD

CO-05

Jobs Reported

49

NAICS Code

333517

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

750667.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

110204

Originating Lender

5Star Bank

Originating Lender City

Colorado Springs

Originating Lender State

CO

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

755963.37

Forgiveness Date

12/31/2020

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