# PPP loan: RESOURCE LOGISTICS INC
> **$2.40M** approved 04/07/2020 · Paid in Full · Loan `7632937002`
## Borrower
- **Name:** RESOURCE LOGISTICS INC
- **Address:** 39 E MILLTOWN RD, EAST BRUNSWICK, NJ, 08816-2390
- **NAICS:** 531120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.40M
- **Initial approval:** $2.40M
- **Forgiven:** $2.43M (101%)
- **Forgiveness date:** 08/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.40M
- **Jobs reported:** 132
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*