# PPP loan: KC TRANSPORT INC
> **$696K** approved 04/28/2020 · Exemption 4 · Loan `1698977303`
## Borrower
- **Name:** KC TRANSPORT INC
- **Address:** 2196 OLD BLUEFIELD RD, PRINCETON, WV, 24739-9038
- **NAICS:** 488999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $696K
- **Initial approval:** $696K
- **Forgiven:** $105K (15%)
- **Forgiveness date:** 06/07/2022
- **Status:** Exemption 4
- **Term:** 119 months
## Use of funds
- **Payroll:** $685K
- **Rent:** $6K
- **Utilities:** $5K
- **Jobs reported:** 119
## Lender
- **Originating:** MCNB Bank and Trust Co.
- **Servicing:** MCNB Bank and Trust Co. (WV)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*