# PPP loan: SUMMIT TRUCK LINE INC
> **$1.20M** approved 07/07/2020 · Charged Off · Loan `9541588004`
## Borrower
- **Name:** SUMMIT TRUCK LINE INC
- **Address:** 1526 SUMMIT DR, LAREDO, TX, 78045-6319
- **NAICS:** 484230
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.20M
- **Initial approval:** $1.20M
- **Status:** Charged Off
- **Term:** 27 months
## Use of funds
- **Payroll:** $1.20M
- **Jobs reported:** 22
## Lender
- **Originating:** Kabbage, Inc.
- **Servicing:** Lendistry-Federal Reserve Contract (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*