# PPP loan: STONE BELT FREIGHT LINES INC
> **$270K** approved 04/28/2020 · Paid in Full · Loan `6861487204`
## Borrower
- **Name:** STONE BELT FREIGHT LINES INC
- **Address:** 101 West Dillman Road, Bloomington, IN, 47403-9831
- **NAICS:** 484121
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $270K
- **Initial approval:** $270K
- **Forgiven:** $272K (101%)
- **Forgiveness date:** 03/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $266K
- **Rent:** $2K
- **Utilities:** $2K
- **Jobs reported:** 31
## Lender
- **Originating:** Transportation Alliance Bank, Inc. d/b/a TAB Bank
- **Servicing:** Transportation Alliance Bank, Inc. d/b/a TAB Bank (UT)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*