# PPP loan: CORTEL TECHNOLOGIES, LLC
> **$180K** approved 04/06/2020 · Paid in Full · Loan `6007877008`
## Borrower
- **Name:** CORTEL TECHNOLOGIES, LLC
- **Address:** 2 EXECUTIVE DR, SOMERSET, NJ, 08873-4001
- **NAICS:** 238210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $180K
- **Initial approval:** $180K
- **Forgiven:** $182K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $151K
- **Rent:** $19K
- **Utilities:** $10K
- **Jobs reported:** 13
## Lender
- **Originating:** ServisFirst Bank
- **Servicing:** ServisFirst Bank (AL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*