# PPP loan: PANAMA XPRESS LOGISTICS, INC
> **$270K** approved 04/29/2020 · Paid in Full · Loan `4258327307`
## Borrower
- **Name:** PANAMA XPRESS LOGISTICS, INC
- **Address:** 300 IVA AVE, NEWTON, IL, 62448-1379
- **NAICS:** 484220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $270K
- **Initial approval:** $270K
- **Forgiven:** $272K (101%)
- **Forgiveness date:** 01/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $270K
- **Jobs reported:** 24
## Lender
- **Originating:** First Neighbor Bank, National Association
- **Servicing:** First Neighbor Bank, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*