# PPP loan: RIBBONS EXPRESS INC.
> **$300K** approved 04/10/2020 · Paid in Full · Loan `1486677109`
## Borrower
- **Name:** RIBBONS EXPRESS INC.
- **Address:** 1980 Old Cuthbert Rd, CHERRY HILL, NJ, 08034
- **NAICS:** 424120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $300K
- **Initial approval:** $300K
- **Forgiven:** $304K (101%)
- **Forgiveness date:** 07/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $300K
- **Jobs reported:** 24
## Lender
- **Originating:** OceanFirst Bank, National Association
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*