# PPP loan: BESTRANS INC
> **$1.55M** approved 04/15/2020 · Paid in Full · Loan `1483857207`
## Borrower
- **Name:** BESTRANS INC
- **Address:** 19 Davidson Lane, New Castle, DE, 19720
- **NAICS:** 562111
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.55M
- **Initial approval:** $1.55M
- **Forgiven:** $1.56M (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.25M
- **Rent:** $37K
- **Utilities:** $9K
- **Health care:** $181K
- **Debt interest:** $75K
- **Jobs reported:** 89
## 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*