# PPP loan: FREIGHT MASTERS GROUP INC
> **$787K** approved 06/04/2020 · Exemption 4 · Loan `7844017805`
## Borrower
- **Name:** FREIGHT MASTERS GROUP INC
- **Address:** 2824 Jefferson Road, Memphis, TN, 38028-9399
- **NAICS:** 484110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $787K
- **Initial approval:** $787K
- **Status:** Exemption 4
- **Term:** 24 months
## Use of funds
- **Payroll:** $590K
- **Rent:** $98K
- **Utilities:** $98K
- **Jobs reported:** 21
## Lender
- **Originating:** Celtic Bank Corporation
- **Servicing:** Celtic Bank Corporation (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*