# PPP loan: CITY JET INC
> **$821K** approved 05/13/2020 · Paid in Full · Loan `5853997406`
## Borrower
- **Name:** CITY JET INC
- **Address:** 1 COMMERCE ST Suite 110, MONTGOMERY, AL, 36104-3510
- **NAICS:** 481111
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $821K
- **Initial approval:** $821K
- **Forgiven:** $830K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $616K
- **Rent:** $205K
- **Jobs reported:** 27
## Lender
- **Originating:** Loyal Trust Bank
- **Servicing:** Loyal Trust Bank (GA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*