# PPP loan: TRANSITECH, INC.
> **$363K** approved 04/07/2020 · Paid in Full · Loan `7029957003`
## Borrower
- **Name:** TRANSITECH, INC.
- **Address:** 622 West 6TH ST, FORDYCE, AR, 71742-3513
- **NAICS:** 336510
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $363K
- **Initial approval:** $363K
- **Forgiven:** $367K (101%)
- **Forgiveness date:** 05/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $363K
- **Jobs reported:** 52
## Lender
- **Originating:** FBT Bank and Mortgage
- **Servicing:** FBT Bank and Mortgage (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*