# PPP loan: PROSPECT TRANSPORTATION, INC.
> **$2.83M** approved 05/15/2020 · Paid in Full · Loan `7019917401`
## Borrower
- **Name:** PROSPECT TRANSPORTATION, INC.
- **Address:** 630 INDUSTRIAL RD, CARLSTADT, NJ, 07072-1619
- **NAICS:** 484220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.83M
- **Initial approval:** $2.83M
- **Forgiven:** $2.86M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.83M
- **Jobs reported:** 150
## Lender
- **Originating:** Provident Bank
- **Servicing:** Provident Bank (NJ)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*