# PPP loan: SEAGATE FREIGHT LLC
> **$395K** approved 05/08/2020 · Charged Off · Loan `4123717407`
## Borrower
- **Name:** SEAGATE FREIGHT LLC
- **Address:** 701 HANOVER DR SUITE 100, Grapevine, TX, 76051
- **NAICS:** 541614
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $395K
- **Initial approval:** $395K
- **Forgiven:** $360K (91%)
- **Forgiveness date:** 03/10/2022
- **Status:** Charged Off
- **Term:** 34 months
## Use of funds
- **Payroll:** $395K
- **Jobs reported:** 50
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*