# PPP loan: HUDSON COUNTY TRANS INC
> **$242K** approved 06/10/2020 · Exemption 4 · Loan `1589257910`
## Borrower
- **Name:** HUDSON COUNTY TRANS INC
- **Address:** 114 Amity Street, Jersey City, NJ, 07304-3510
- **NAICS:** 484110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $242K
- **Initial approval:** $242K
- **Forgiven:** $128K (53%)
- **Forgiveness date:** 01/10/2023
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $181K
- **Rent:** $30K
- **Utilities:** $30K
- **Jobs reported:** 100
## Lender
- **Originating:** Celtic Bank Corporation
- **Servicing:** Celtic Bank Corporation (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*