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
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