# PPP loan: MOTORCOACH SERVICES, INC.
> **$240K** approved 04/28/2020 · Exemption 4 · Loan `6622037201`
## Borrower
- **Name:** MOTORCOACH SERVICES, INC.
- **Address:** 10367 Randleman Road, Randleman, NC, 27317
- **NAICS:** 811111
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $240K
- **Initial approval:** $240K
- **Forgiven:** $146K (61%)
- **Forgiveness date:** 03/08/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $240K
- **Jobs reported:** 33
## Lender
- **Originating:** Customers Bank
- **Servicing:** Customers Bank (PA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*