# PPP loan: SOUTHERN TELECOM INC.
> **$1.17M** approved 04/27/2020 · Paid in Full · Loan `4184077202`
## Borrower
- **Name:** SOUTHERN TELECOM INC.
- **Address:** 5601 1ST AVE 2nd Floor, BROOKLYN, NY, 11220-2517
- **NAICS:** 423690
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.17M
- **Initial approval:** $1.17M
- **Forgiven:** $1.18M (101%)
- **Forgiveness date:** 03/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.08M
- **Rent:** $44K
- **Utilities:** $44K
- **Jobs reported:** 120
## Lender
- **Originating:** Israel Discount Bank of New York
- **Servicing:** Israel Discount Bank of New York (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*