# PPP loan: TRANS-ED INC.
> **$870K** approved 01/28/2021 · Paid in Full · Loan `7623228300`
## Borrower
- **Name:** TRANS-ED INC.
- **Address:** 2 Industrial Plz, Paterson, NJ, 07503-2963
- **NAICS:** 485410
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $870K
- **Initial approval:** $870K
- **Forgiven:** $875K (101%)
- **Forgiveness date:** 08/06/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $870K
- **Utilities:** $1
- **Jobs reported:** 55
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*