# PPP loan: J7 TRUCKING, LLC
> **$1.18M** approved 05/01/2020 · Exemption 4 · Loan `2295517708`
## Borrower
- **Name:** J7 TRUCKING, LLC
- **Address:** 5515 E Hwy 67, ALVARADO, TX, 76009
- **NAICS:** 484110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.18M
- **Initial approval:** $1.18M
- **Forgiven:** $1.01M (86%)
- **Forgiveness date:** 07/09/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $984K
- **Rent:** $18K
- **Utilities:** $6K
- **Health care:** $153K
- **Debt interest:** $18K
- **Jobs reported:** 77
## 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*