# PPP loan: PAY TEL COMMUNICATIONS INC
> **$1.42M** approved 04/14/2020 · Paid in Full · Loan `6151537103`
## Borrower
- **Name:** PAY TEL COMMUNICATIONS INC
- **Address:** 4230 BEECHWOOD DR, GREENSBORO, NC, 27410-8107
- **NAICS:** 517911
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.42M
- **Initial approval:** $1.42M
- **Forgiven:** $1.43M (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.05M
- **Rent:** $64K
- **Utilities:** $292K
- **Debt interest:** $15K
- **Jobs reported:** 75
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*