# PPP loan: TRANSIT SYSTEMS UNLTD INC
> **$307K** approved 05/01/2020 · Exemption 4 · Loan `5532467704`
## Borrower
- **Name:** TRANSIT SYSTEMS UNLTD INC
- **Address:** 8976 LAUREL CANYON BLVD, SUN VALLEY, CA, 91352-1731
- **NAICS:** 485510
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $307K
- **Initial approval:** $307K
- **Forgiven:** $200K (65%)
- **Forgiveness date:** 03/24/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $307K
- **Jobs reported:** 38
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*