# PPP loan: TRANSIT TEC INC.
> **$251K** approved 05/07/2021 · Paid in Full · Loan `7783978900`
## Borrower
- **Name:** TRANSIT TEC INC.
- **Address:** 23610 67th Ave, Saint Cloud, MN, 56301-4192
- **NAICS:** 488490
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $251K
- **Initial approval:** $251K
- **Forgiven:** $252K (100%)
- **Forgiveness date:** 09/07/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $251K
- **Jobs reported:** 40
## Lender
- **Originating:** Sentry Bank
- **Servicing:** Sentry Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*