# PPP loan: Y & M TRANSIT INC.
> **$4.37M** approved 04/15/2020 · Paid in Full · Loan `1372217200`
## Borrower
- **Name:** Y & M TRANSIT INC.
- **Address:** 1 Coffey Street, Brooklyn, NY, 11231
- **NAICS:** 485410
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.37M
- **Initial approval:** $4.37M
- **Forgiven:** $4.44M (102%)
- **Forgiveness date:** 02/01/2022
- **Status:** Paid in Full
- **Term:** 59 months
## Use of funds
- **Payroll:** $3.38M
- **Health care:** $991K
- **Jobs reported:** 498
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*