# PPP loan: ERTEL CONSTRUCTION INC.
> **$775K** approved 04/29/2020 · Paid in Full · Loan `3492257303`
## Borrower
- **Name:** ERTEL CONSTRUCTION INC.
- **Address:** PO Box 19069, CHARLOTTE, NC, 28219
- **NAICS:** 237130
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $775K
- **Initial approval:** $775K
- **Forgiven:** $786K (101%)
- **Forgiveness date:** 08/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $775K
- **Jobs reported:** 55
## Lender
- **Originating:** First-Citizens Bank & Trust Company
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*