# PPP loan: J & M TRANSFER, INC.
> **$301K** approved 04/13/2020 · Paid in Full · Loan `5390507108`
## Borrower
- **Name:** J & M TRANSFER, INC.
- **Address:** 315 Nooseneck Hill Road, EXETER, RI, 02822-2135
- **NAICS:** 562991
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $301K
- **Initial approval:** $301K
- **Forgiven:** $302K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $225K
- **Utilities:** $75K
- **Jobs reported:** 24
## Lender
- **Originating:** Centreville Bank
- **Servicing:** Centreville Bank (RI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*