# PPP loan: AMERICAN EAGLE TRANSPORT INC
> **$1.04M** approved 05/01/2020 · Exemption 4 · Loan `2620267710`
## Borrower
- **Name:** AMERICAN EAGLE TRANSPORT INC
- **Address:** 1100 S STEMMONS FWY STE B, LAKE DALLAS, TX, 75065
- **NAICS:** —
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.04M
- **Initial approval:** $1.04M
- **Forgiven:** $177K (17%)
- **Forgiveness date:** 07/26/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $966K
- **Rent:** $48K
- **Utilities:** $25K
- **Jobs reported:** 42
## 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*