# PPP loan: JET LOGISTICS INC
> **$505K** approved 04/11/2020 · Exemption 4 · Loan `2794707101`
## Borrower
- **Name:** JET LOGISTICS INC
- **Address:** 5400 AIRPORT DRIVE, CHARLOTTE, NC, 28208-5734
- **NAICS:** 541990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $505K
- **Initial approval:** $505K
- **Forgiven:** $479K (95%)
- **Forgiveness date:** 09/28/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $379K
- **Mortgage interest:** $63K
- **Utilities:** $63K
- **Jobs reported:** 24
## Lender
- **Originating:** First Source Federal Credit Union
- **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*