# PPP loan: COMMUNICATION TECHNOLOGIES INC
> **$1.53M** approved 04/11/2020 · Charged Off · Loan `2967367105`
## Borrower
- **Name:** COMMUNICATION TECHNOLOGIES INC
- **Address:** 11710 Plaza America Drive Suite 2000, RESTON, VA, 20190-4737
- **NAICS:** 541611
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.53M
- **Initial approval:** $1.53M
- **Forgiven:** $672K (44%)
- **Forgiveness date:** 07/28/2021
- **Status:** Charged Off
- **Term:** 18 months
## Use of funds
- **Payroll:** $1.53M
- **Jobs reported:** 160
## Lender
- **Originating:** TowneBank
- **Servicing:** TowneBank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*