# PPP loan: J & T LOGISTICS, INC.
> **$385K** approved 04/07/2020 · Paid in Full · Loan `6934767000`
## Borrower
- **Name:** J & T LOGISTICS, INC.
- **Address:** 100 N State St., HUBBARD, IA, 50122-7768
- **NAICS:** 488510
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $385K
- **Initial approval:** $385K
- **Forgiven:** $388K (101%)
- **Forgiveness date:** 02/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $348K
- **Rent:** $11K
- **Utilities:** $8K
- **Debt interest:** $18K
- **Jobs reported:** 25
## Lender
- **Originating:** Green Belt Bank & Trust
- **Servicing:** Green Belt Bank & Trust (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*