# PPP loan: QUEENS BOROUGH TRANS AUTO INC
> **$235K** approved 04/28/2020 · Exemption 4 · Loan `1296957305`
## Borrower
- **Name:** QUEENS BOROUGH TRANS AUTO INC
- **Address:** 5192 Hylan Boulevard, Staten Island, NY, 10312
- **NAICS:** 485991
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $235K
- **Initial approval:** $235K
- **Forgiven:** $139K (59%)
- **Forgiveness date:** 08/05/2021
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $220K
- **Rent:** $10K
- **Utilities:** $5K
- **Jobs reported:** 24
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*