# PPP loan: CTS ENGINEERING INC
> **$925K** approved 05/01/2020 · Paid in Full · Loan `3476087703`
## Borrower
- **Name:** CTS ENGINEERING INC
- **Address:** 8095 Northwest 12th Street, Doral, FL, 33126
- **NAICS:** 541330
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $925K
- **Initial approval:** $925K
- **Forgiven:** $936K (101%)
- **Forgiveness date:** 07/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $694K
- **Rent:** $116K
- **Utilities:** $116K
- **Jobs reported:** 48
## Lender
- **Originating:** Celtic Bank Corporation
- **Servicing:** Celtic Bank Corporation (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*