# PPP loan: MCGOUGH BUS COMPANY, INC
> **$668K** approved 04/05/2020 · Charged Off · Loan `5480047007`
## Borrower
- **Name:** MCGOUGH BUS COMPANY, INC
- **Address:** 4121 ROUTE 42, BLACKWOOD, NJ, 08012-1714
- **NAICS:** 485410
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $668K
- **Initial approval:** $723K
- **Forgiven:** $101K (15%)
- **Forgiveness date:** 01/04/2022
- **Status:** Charged Off
- **Term:** 2 months
## Use of funds
- **Payroll:** $534K
- **Rent:** $117K
- **Utilities:** $17K
- **Jobs reported:** 129
## Lender
- **Originating:** First Savings Bank
- **Servicing:** First Savings Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*