# PPP loan: TRANSTATE HOLDINGS, INC.
> **$1.03M** approved 04/16/2020 · Paid in Full · Loan `2834477208`
## Borrower
- **Name:** TRANSTATE HOLDINGS, INC.
- **Address:** 7089 WEDDINGTON RD, CONCORD, NC, 28027-3411
- **NAICS:** 423450
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.03M
- **Initial approval:** $1.03M
- **Forgiven:** $1.04M (101%)
- **Forgiveness date:** 11/12/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.03M
- **Jobs reported:** 64
## Lender
- **Originating:** Hiawatha National Bank
- **Servicing:** Hiawatha National Bank (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*