# PPP loan: CORY SCOTT INC
> **$160K** approved 04/13/2020 · Exemption 4 · Loan `5434167105`
## Borrower
- **Name:** CORY SCOTT INC
- **Address:** 27718 Robinson Rd, CONROE, TX, 77385-7518
- **NAICS:** 811121
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $160K
- **Initial approval:** $160K
- **Forgiven:** $111K (69%)
- **Forgiveness date:** 09/15/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $120K
- **Rent:** $20K
- **Utilities:** $20K
- **Jobs reported:** 14
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*