# PPP loan: TRANSOURCE TRUCK & EQUIPMENT
> **$1.00M** approved 04/04/2020 · Paid in Full · Loan `4838277007`
## Borrower
- **Name:** TRANSOURCE TRUCK & EQUIPMENT
- **Address:** 901 E 60th St North, SIOUX FALLS, SD, 57104-0459
- **NAICS:** 441228
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.00M
- **Initial approval:** $1.00M
- **Forgiven:** $1.01M (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $900K
- **Rent:** $39K
- **Mortgage interest:** $11K
- **Health care:** $52K
- **Jobs reported:** 81
## Lender
- **Originating:** The First National Bank in Sioux Falls
- **Servicing:** The First National Bank in Sioux Falls (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*