Ver Tech Laboratories INC

$497,000 PPP Loan in Rockford, Minnesota

Loan Details

Loan Number
5468727007
Date Approved
Apr 5, 2020
Loan Status
Paid in Full
Initial Approval
$497,000
Current Approval
$508,400
Forgiveness Amount
$511,297
Forgiveness Date
Nov 12, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Ver Tech Laboratories INC
Address
6801 Bleck Drive
ZIP Code
55373-5127
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (325998)
Business Age
Existing or more than 2 years old
Jobs Reported
36
Estimated Revenue
$35.7M
Rural/Urban
Rural
Congressional District
MN-06

Loan Use Breakdown

Payroll
$508,400

Lender Information

Servicing Lender
Choice Financial Group
Originating Lender
Choice Financial Group

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