# PPP loan: TRAXION INC
> **$154K** approved 04/08/2020 · Paid in Full · Loan `7837237008`
## Borrower
- **Name:** TRAXION INC
- **Address:** 517 South 28th Street, VAN BUREN, AR, 72956-6119
- **NAICS:** 423120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $154K
- **Initial approval:** $154K
- **Forgiven:** $155K (101%)
- **Forgiveness date:** 03/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $115K
- **Rent:** $13K
- **Mortgage interest:** $13K
- **Utilities:** $13K
- **Jobs reported:** 16
## Lender
- **Originating:** The First National Bank of Fort Smith
- **Servicing:** The First National Bank of Fort Smith (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*