# PPP loan: GENERAL TRANSMISSION INC
> **$205K** approved 05/03/2020 · Exemption 4 · Loan `1017177403`
## Borrower
- **Name:** GENERAL TRANSMISSION INC
- **Address:** 302 LORENALY DR STE E, BROWNSVILLE, TX, 78526-4332
- **NAICS:** 811113
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $205K
- **Initial approval:** $205K
- **Forgiven:** $196K (96%)
- **Forgiveness date:** 11/18/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $203K
- **Rent:** $1K
- **Utilities:** $1K
- **Jobs reported:** 7
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*