# PPP loan: TRANSAFETY SERVICES INC
> **$154K** approved 04/28/2020 · Exemption 4 · Loan `1406037302`
## Borrower
- **Name:** TRANSAFETY SERVICES INC
- **Address:** 27540 World Court, DAPHNE, AL, 36526
- **NAICS:** 531120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $154K
- **Initial approval:** $154K
- **Forgiven:** $127K (83%)
- **Forgiveness date:** 11/14/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $152K
- **Rent:** $1K
- **Utilities:** $1K
- **Jobs reported:** 18
## 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*