# PPP loan: FREIGHT OPERATIONS INC
> **$150K** approved 05/01/2020 · Exemption 4 · Loan `1593807705`
## Borrower
- **Name:** FREIGHT OPERATIONS INC
- **Address:** 70 CAMPUS DR, Edison, NJ, 08837
- **NAICS:** 484121
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $150K
- **Initial approval:** $150K
- **Forgiven:** $138K (92%)
- **Forgiveness date:** 06/30/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $135K
- **Rent:** $7K
- **Health care:** $8K
- **Jobs reported:** 12
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*