# PPP loan: CORTEC, LLC
> **$3.00M** approved 04/13/2020 · Paid in Full · Loan `5666707100`
## Borrower
- **Name:** CORTEC, LLC
- **Address:** 208 EQUITY BOULEVARD,, HOUMA, LA, 70360-8366
- **NAICS:** 332911
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.00M
- **Initial approval:** $3.00M
- **Forgiven:** $2.63M (88%)
- **Forgiveness date:** 12/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.00M
- **Jobs reported:** 191
## Lender
- **Originating:** Regions Bank
- **Servicing:** Regions Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*