# PPP loan: CORCLYN ENTERPRISES INC.
> **$300K** approved 04/06/2020 · Paid in Full · Loan `6294447010`
## Borrower
- **Name:** CORCLYN ENTERPRISES INC.
- **Address:** 805 W 2ND ST, PORTALES, NM, 88130-6734
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $300K
- **Initial approval:** $346K
- **Forgiven:** $302K (101%)
- **Forgiveness date:** 02/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $280K
- **Mortgage interest:** $5K
- **Utilities:** $15K
- **Jobs reported:** 120
## Lender
- **Originating:** James Polk Stone Community Bank
- **Servicing:** James Polk Stone Community Bank (NM)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*