# PPP loan: AMERICAN TRANSIT INSURANCE COMPANY
> **$7.52M** approved 04/09/2020 · Paid in Full · Loan `9874787007`
## Borrower
- **Name:** AMERICAN TRANSIT INSURANCE COMPANY
- **Address:** 1 MetroTech Center 7th Floor 0.0, Brooklyn, NY, 11201-3949
- **NAICS:** 524126
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $7.52M
- **Initial approval:** $7.52M
- **Forgiven:** $7.63M (101%)
- **Forgiveness date:** 09/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $6.00M
- **Rent:** $300K
- **Utilities:** $18K
- **Health care:** $1.20M
- **Jobs reported:** 500
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*