# PPP loan: PEOPLE'S TRANSIT, LTD.
> **$282K** approved 04/16/2020 · Paid in Full · Loan `2437467201`
## Borrower
- **Name:** PEOPLE'S TRANSIT, LTD.
- **Address:** 29017 HIGHLAND RD, ROMULUS, MI, 48174
- **NAICS:** 485111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $282K
- **Initial approval:** $282K
- **Forgiven:** $286K (101%)
- **Forgiveness date:** 08/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $226K
- **Rent:** $30K
- **Utilities:** $15K
- **Debt interest:** $11K
- **Jobs reported:** 48
## 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*