# PPP loan: TAYLOR TRUCK LINE INC
> **$3.38M** approved 04/03/2020 · Paid in Full · Loan `4583067000`
## Borrower
- **Name:** TAYLOR TRUCK LINE INC
- **Address:** 801 HIGHWAY 3N, NORTHFIELD, MN, 55057-9401
- **NAICS:** 484121
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.38M
- **Initial approval:** $3.38M
- **Forgiven:** $3.42M (101%)
- **Forgiveness date:** 05/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.00M
- **Rent:** $379K
- **Jobs reported:** 250
## Lender
- **Originating:** Merchants Bank, National Association
- **Servicing:** Merchants Bank, National Association (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*