# PPP loan: IDEAL TRANSPORT INC
> **$503K** approved 04/08/2020 · Paid in Full · Loan `8302267004`
## Borrower
- **Name:** IDEAL TRANSPORT INC
- **Address:** 1515 4TH ST SW, CONOVER, NC, 28613-9355
- **NAICS:** 484121
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $503K
- **Initial approval:** $475K
- **Forgiven:** $506K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $503K
- **Jobs reported:** 50
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*