# PPP loan: TRANSIT GROUP INC
> **$329K** approved 03/12/2021 · Paid in Full · Loan `9340988500`
## Borrower
- **Name:** TRANSIT GROUP INC
- **Address:** 8201 Snouffer School Rd, Gaithersburg, MD, 20879-1503
- **NAICS:** 488999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $329K
- **Initial approval:** $329K
- **Forgiven:** $332K (101%)
- **Forgiveness date:** 12/02/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $329K
- **Utilities:** $1
- **Jobs reported:** 34
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*