# PPP loan: RED CAP TRANSPORTATION, INC.
> **$471K** approved 04/15/2020 · Paid in Full · Loan `1010137203`
## Borrower
- **Name:** RED CAP TRANSPORTATION, INC.
- **Address:** 1725 Miller Road, Dearborn, MI, 48120
- **NAICS:** 484220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $471K
- **Initial approval:** $471K
- **Forgiven:** $463K (98%)
- **Forgiveness date:** 12/15/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $471K
- **Jobs reported:** 47
## Lender
- **Originating:** Citizens Bank, National Association
- **Servicing:** Citizens Bank, National Association (RI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*