# PPP loan: M. RAFFORD TRUCKING INC.
> **$165K** approved 04/08/2020 · Paid in Full · Loan `7785707004`
## Borrower
- **Name:** M. RAFFORD TRUCKING INC.
- **Address:** 347 Masardis Rd, ASHLAND, ME, 04732-3626
- **NAICS:** 237310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $165K
- **Initial approval:** $165K
- **Forgiven:** $167K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $124K
- **Mortgage interest:** $14K
- **Utilities:** $14K
- **Health care:** $14K
- **Jobs reported:** 12
## Lender
- **Originating:** Katahdin Trust Co.
- **Servicing:** Katahdin Trust Co. (ME)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*