# PPP loan: MEDLAB LOGISTICS INC
> **$335K** approved 04/15/2020 · Exemption 4 · Loan `9942827107`
## Borrower
- **Name:** MEDLAB LOGISTICS INC
- **Address:** 174 W SHELLEY DRIVE, CLAYMONT, DE, 19703
- **NAICS:** 492110
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $335K
- **Initial approval:** $335K
- **Forgiven:** $142K (42%)
- **Forgiveness date:** 04/18/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $335K
- **Jobs reported:** 9
## Lender
- **Originating:** TD Bank, National Association
- **Servicing:** TD Bank, National Association (DE)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*