# PPP loan: CYRTEN LOGISTICS INC
> **$252K** approved 05/11/2020 · Paid in Full · Loan `5014107407`
## Borrower
- **Name:** CYRTEN LOGISTICS INC
- **Address:** 27 East Airy Street, Norristown, PA, 19401
- **NAICS:** 511199
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $252K
- **Initial approval:** $252K
- **Forgiven:** $255K (101%)
- **Forgiveness date:** 08/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $252K
- **Jobs reported:** 87
## 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*