# PPP loan: VM TRANSIT INC
> **$235K** approved 02/19/2021 · Charged Off · Loan `1811238510`
## Borrower
- **Name:** VM TRANSIT INC
- **Address:** 1631 S 52nd St 1631 S 52nd St, Philadelphia, PA, 19143-5009
- **NAICS:** 485111
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $235K
- **Initial approval:** $235K
- **Status:** Charged Off
- **Term:** 39 months
## Use of funds
- **Payroll:** $235K
- **Utilities:** $1
- **Jobs reported:** 66
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*