# PPP loan: TRANS-ED, INC.
> **$938K** approved 04/14/2020 · Paid in Full · Loan `7938587105`
## Borrower
- **Name:** TRANS-ED, INC.
- **Address:** 2 Industrial Plaza, Paterson, NJ, 07503
- **NAICS:** 485410
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $938K
- **Initial approval:** $938K
- **Forgiven:** $869K (93%)
- **Forgiveness date:** 02/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $810K
- **Rent:** $54K
- **Mortgage interest:** $12K
- **Utilities:** $5K
- **Health care:** $2K
- **Debt interest:** $55K
- **Jobs reported:** 185
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*