# PPP loan: S & M TRANSPORT INC.
> **$370K** approved 05/12/2021 · Exemption 4 · Loan `1060419009`
## Borrower
- **Name:** S & M TRANSPORT INC.
- **Address:** 50 Distribution Blvd N/A, Edison, NJ, 08817-6006
- **NAICS:** 484110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $370K
- **Initial approval:** $370K
- **Forgiven:** $262K (71%)
- **Forgiveness date:** 01/24/2024
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $370K
- **Utilities:** $1
- **Jobs reported:** 52
## Lender
- **Originating:** Leader Bank, National Association
- **Servicing:** Customers Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*