# PPP loan: COLONIAL FREIGHT SYSTEMS, INC.
> **$660K** approved 04/28/2020 · Paid in Full · Loan `7196397205`
## Borrower
- **Name:** COLONIAL FREIGHT SYSTEMS, INC.
- **Address:** 10924 MCBRIDE LN, KNOXVILLE, TN, 37932-3221
- **NAICS:** 484230
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $660K
- **Initial approval:** $660K
- **Forgiven:** $666K (101%)
- **Forgiveness date:** 04/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $563K
- **Rent:** $64K
- **Utilities:** $15K
- **Debt interest:** $18K
- **Jobs reported:** 66
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*