# PPP loan: PACE MOTOR LINES INC & SUBSIDIARY
> **$1.61M** approved 04/14/2020 · Paid in Full · Loan `7403247101`
## Borrower
- **Name:** PACE MOTOR LINES INC & SUBSIDIARY
- **Address:** 1425 Honeyspot Road Ext., STRATFORD, CT, 06615-7114
- **NAICS:** 484110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.61M
- **Initial approval:** $1.66M
- **Forgiven:** $1.63M (101%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.61M
- **Jobs reported:** 126
## Lender
- **Originating:** Newtek Small Business Finance, Inc.
- **Servicing:** Newtek Small Business Finance, Inc. (NY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*