# PPP loan: MANAGE TRANSIT CORP
> **$685K** approved 05/01/2020 · Paid in Full · Loan `1597887704`
## Borrower
- **Name:** MANAGE TRANSIT CORP
- **Address:** 5702 Avenue D, Brooklyn, NY, 11203
- **NAICS:** 561599
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $685K
- **Initial approval:** $685K
- **Forgiven:** $688K (100%)
- **Forgiveness date:** 01/06/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $274K
- **Rent:** $130K
- **Mortgage interest:** $6K
- **Utilities:** $155K
- **Health care:** $10K
- **Debt interest:** $110K
- **Jobs reported:** 125
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*