# PPP loan: TRANSIT GROUP INCORPORATED
> **$357K** approved 04/30/2020 · Paid in Full · Loan `7971187301`
## Borrower
- **Name:** TRANSIT GROUP INCORPORATED
- **Address:** 8201 SNOUFFER SCHOOL RD, GAITHERSBURG, MD, 20879-1503
- **NAICS:** 812990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $357K
- **Initial approval:** $357K
- **Forgiven:** $341K (96%)
- **Forgiveness date:** 07/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $357K
- **Jobs reported:** 40
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*