# PPP loan: TRADE EXPEDITORS USA
> **$587K** approved 05/03/2020 · Exemption 4 · Loan `9916417305`
## Borrower
- **Name:** TRADE EXPEDITORS USA
- **Address:** 242 OLD NEW BRUNSWICK RD STE 145, PISCATAWAY, NJ, 08854-3999
- **NAICS:** 488510
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $587K
- **Initial approval:** $487K
- **Forgiven:** $107K (18%)
- **Forgiveness date:** 06/15/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $587K
- **Jobs reported:** 7
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*