# PPP loan: SCARBO FREIGHT INC.
> **$175K** approved 04/13/2020 · Paid in Full · Loan `5635287102`
## Borrower
- **Name:** SCARBO FREIGHT INC.
- **Address:** 2796 Summer Valley Lane, Owensboro, KY, 42303
- **NAICS:** 562119
- **Business type:** Sole Proprietorship
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $175K
- **Initial approval:** $175K
- **Forgiven:** $177K (101%)
- **Forgiveness date:** 02/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $175K
- **Jobs reported:** 15
## Lender
- **Originating:** Readycap Lending, LLC
- **Servicing:** Readycap Lending, LLC (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*