# PPP loan: CTC TRANSPORTATION SERVICES
> **$607K** approved 02/06/2021 · Exemption 4 · Loan `4140148400`
## Borrower
- **Name:** CTC TRANSPORTATION SERVICES
- **Address:** 325 Adelphia Rd, Farmingdale, NJ, 07727-3528
- **NAICS:** 524210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $607K
- **Initial approval:** $607K
- **Forgiven:** $306K (50%)
- **Forgiveness date:** 02/22/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $607K
- **Utilities:** $1
- **Jobs reported:** 47
## Lender
- **Originating:** Manasquan Bank
- **Servicing:** Manasquan Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*