# PPP loan: MID ATLANTIC XPRESS INC.
> **$540K** approved 04/27/2020 · Paid in Full · Loan `3821837204`
## Borrower
- **Name:** MID ATLANTIC XPRESS INC.
- **Address:** 139 US Highway 46, Hackettstown, NJ, 07840-4954
- **NAICS:** 484121
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $540K
- **Initial approval:** $540K
- **Forgiven:** $545K (101%)
- **Forgiveness date:** 04/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $432K
- **Mortgage interest:** $54K
- **Utilities:** $54K
- **Jobs reported:** 36
## Lender
- **Originating:** First Hope Bank, A National Banking Association
- **Servicing:** First Hope Bank, A National Banking Association (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*