# PPP loan: CPI TELECOMMUNICATIONS, INC.
> **$389K** approved 04/05/2020 · Paid in Full · Loan `5174817004`
## Borrower
- **Name:** CPI TELECOMMUNICATIONS, INC.
- **Address:** 6949 Vista DR, WEST DES MOINES, IA, 50266-9309
- **NAICS:** 541511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $389K
- **Initial approval:** $389K
- **Forgiven:** $392K (101%)
- **Forgiveness date:** 01/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $292K
- **Rent:** $97K
- **Jobs reported:** 28
## Lender
- **Originating:** Bank Iowa
- **Servicing:** Bank Iowa (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*