# PPP loan: CTI LOGISTICS INC
> **$164K** approved 05/20/2020 · Paid in Full · Loan `9393147405`
## Borrower
- **Name:** CTI LOGISTICS INC
- **Address:** 11930 N Hartman Drive, EDINBURGH, IN, 46124-9054
- **NAICS:** 484230
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $164K
- **Initial approval:** $164K
- **Forgiven:** $165K (101%)
- **Forgiveness date:** 12/16/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $131K
- **Rent:** $8K
- **Mortgage interest:** $8K
- **Utilities:** $8K
- **Health care:** $8K
- **Jobs reported:** 13
## Lender
- **Originating:** Horizon Bank
- **Servicing:** Horizon Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*