# PPP loan: MOTOR TRUCK EQUIPMENT COMPANY
> **$3.70M** approved 04/04/2020 · Paid in Full · Loan `4857867002`
## Borrower
- **Name:** MOTOR TRUCK EQUIPMENT COMPANY
- **Address:** 198 KOST RD, CARLISLE, PA, 17015-8534
- **NAICS:** 423110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.70M
- **Initial approval:** $3.70M
- **Forgiven:** $3.74M (101%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.70M
- **Jobs reported:** 320
## Lender
- **Originating:** Orrstown Bank
- **Servicing:** Orrstown Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*