# PPP loan: THE TRANSTEC GROUP INC.
> **$748K** approved 03/12/2021 · Charged Off · Loan `9599288501`
## Borrower
- **Name:** THE TRANSTEC GROUP INC.
- **Address:** 6111 Balcones Dr, Austin, TX, 78731-4211
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $748K
- **Initial approval:** $748K
- **Forgiven:** $663K (89%)
- **Forgiveness date:** 06/14/2022
- **Status:** Charged Off
- **Term:** 27 months
## Use of funds
- **Payroll:** $747K
- **Utilities:** $1
- **Jobs reported:** 31
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*