# PPP loan: MULTI STATE TELECOM INC
> **$228K** approved 04/10/2020 · Paid in Full · Loan `1893707102`
## Borrower
- **Name:** MULTI STATE TELECOM INC
- **Address:** 460 GLEN OAK CIR, RIDGEWAY, VA, 24148-3472
- **NAICS:** 238990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $228K
- **Initial approval:** $228K
- **Forgiven:** $206K (90%)
- **Forgiveness date:** 07/26/2023
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $228K
- **Jobs reported:** 5
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*