# PPP loan: ABSOLUTE TRANSPORT INC
> **$172K** approved 04/28/2020 · Paid in Full · Loan `8740247205`
## Borrower
- **Name:** ABSOLUTE TRANSPORT INC
- **Address:** 1813 SWEETBAY DR, SALISBURY, MD, 21804-1663
- **NAICS:** 485999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $172K
- **Initial approval:** $172K
- **Forgiven:** $173K (101%)
- **Forgiveness date:** 12/02/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $129K
- **Rent:** $22K
- **Utilities:** $22K
- **Jobs reported:** 13
## Lender
- **Originating:** The Farmers Bank of Willards
- **Servicing:** The Farmers Bank of Willards (MD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*