# PPP loan: ALC FREIGHT INC
> **$275K** approved 04/11/2020 · Paid in Full · Loan `3631717104`
## Borrower
- **Name:** ALC FREIGHT INC
- **Address:** 61 N Plains Industrial Rd # 120, Wallingford, CT, 06492-5841
- **NAICS:** 488510
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $275K
- **Initial approval:** $275K
- **Forgiven:** $277K (101%)
- **Forgiveness date:** 01/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $275K
- **Jobs reported:** 20
## 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*