# PPP loan: TRANS-EXEC AIR SERVICE, INC
> **$800K** approved 06/19/2020 · Paid in Full · Loan `9222277905`
## Borrower
- **Name:** TRANS-EXEC AIR SERVICE, INC
- **Address:** 7240 Hayvenhurst Place 200, Van Nuys, CA, 91406
- **NAICS:** 481211
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $800K
- **Initial approval:** $800K
- **Forgiven:** $816K (102%)
- **Forgiveness date:** 07/01/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $560K
- **Rent:** $240K
- **Jobs reported:** 30
## Lender
- **Originating:** American Express National Bank
- **Servicing:** American Express National Bank (UT)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*