# PPP loan: CARGOTEL INC
> **$240K** approved 01/25/2021 · Paid in Full · Loan `5709748305`
## Borrower
- **Name:** CARGOTEL INC
- **Address:** 1807 Circle Rd, Towson, MD, 21204-6416
- **NAICS:** 541511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $240K
- **Initial approval:** $240K
- **Forgiven:** $241K (100%)
- **Forgiveness date:** 07/28/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $240K
- **Jobs reported:** 11
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*