PPP Loan information for Communication technologies inc

$1,532,500

Communication technologies inc was initially approved for PPP Loan of amount $1,532,500, the current approved amount is $1,532,500. The loan was approved on 04/11/2020 by The TowneBank reported 160 jobs and $1,532,500 was used to fund payroll.

Communication technologies inc is Existing or more than 2 years old

PPP Loan Search / VA / RESTON / Communication technologies inc

COMMUNICATION TECHNOLOGIES INC

Date Approved

04/11/2020

SBA Office Code

0353

Processing Method

PPP

Borrower Name

COMMUNICATION TECHNOLOGIES INC

Borrower Address

11710 Plaza America Drive Suite 2000

Borrower City

RESTON

Borrower State

VA

Borrower Zip

20190-4737

Loan Status Date

04/14/2023

Loan Status

Charged Off

Term

18

SBA Guaranty Percentage

100

Initial Approval Amount

1532500.00

Current Approval Amount

1532500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

123548

Servicing Lender Name

TowneBank

Servicing Lender Address

5716 High St West

Servicing Lender City

PORTSMOUTH

Servicing Lender State

VA

Servicing Lender Zip

23703-4502

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

RESTON

Project County Name

FAIRFAX

Project State

VA

Project Zip

20190-4737

CD

VA-11

Jobs Reported

160

NAICS Code

541611

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1532500.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

123548

Originating Lender

TowneBank

Originating Lender City

PORTSMOUTH

Originating Lender State

VA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

671949.46

Forgiveness Date

07/28/2021

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