# PPP loan: AMERITEL COMMUNICATIONS CORPORATION
> **$954K** approved 04/14/2020 · Paid in Full · Loan `7970577102`
## Borrower
- **Name:** AMERITEL COMMUNICATIONS CORPORATION
- **Address:** 15010 Broschart Road, Rockville, MD, 20850
- **NAICS:** 532420
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $954K
- **Initial approval:** $954K
- **Forgiven:** $960K (101%)
- **Forgiveness date:** 11/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $837K
- **Rent:** $64K
- **Health care:** $53K
- **Jobs reported:** 70
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*