# PPP loan: TRANSSYSTEMS, INC.
> **$589K** approved 04/13/2020 · Paid in Full · Loan `5284597109`
## Borrower
- **Name:** TRANSSYSTEMS, INC.
- **Address:** 2831 US HIGHWAY 17 92, HAINES CITY, FL, 33844-7340
- **NAICS:** 523991
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $589K
- **Initial approval:** $589K
- **Forgiven:** $566K (96%)
- **Forgiveness date:** 05/26/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $442K
- **Mortgage interest:** $74K
- **Utilities:** $74K
- **Jobs reported:** 40
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*