# PPP loan: PENNY TRANSPORTATION INC
> **$1.08M** approved 07/27/2020 · Paid in Full · Loan `8872188100`
## Borrower
- **Name:** PENNY TRANSPORTATION INC
- **Address:** 3100 CROPSEY AVE, BROOKLYN, NY, 11224-2702
- **NAICS:** 485410
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $1.08M
- **Initial approval:** $1.08M
- **Forgiven:** $1.09M (101%)
- **Forgiveness date:** 07/21/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.08M
- **Jobs reported:** 173
## Lender
- **Originating:** Cross River Bank
- **Servicing:** Cross River Bank (NJ)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*