# PPP loan: VYTEX CORPORATION
> **$2.97M** approved 04/06/2020 · Paid in Full · Loan `6411587006`
## Borrower
- **Name:** VYTEX CORPORATION
- **Address:** 9425 WASHINGTON BLVD, LAUREL, MD, 20723-1342
- **NAICS:** 332321
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.97M
- **Initial approval:** $2.97M
- **Forgiven:** $3.01M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.57M
- **Rent:** $195K
- **Utilities:** $45K
- **Health care:** $162K
- **Jobs reported:** 215
## Lender
- **Originating:** Sandy Spring Bank
- **Servicing:** Sandy Spring Bank (MD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*