# PPP loan: CORTELCO, INC
> **$188K** approved 04/14/2020 · Paid in Full · Loan `5740497108`
## Borrower
- **Name:** CORTELCO, INC
- **Address:** 1703 Sawyer Road,, Corinth, MS, 38834-6338
- **NAICS:** 423620
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $188K
- **Initial approval:** $188K
- **Forgiven:** $189K (101%)
- **Forgiveness date:** 11/19/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $188K
- **Jobs reported:** 16
## 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*