# PPP loan: BBT LOGISTICS INC
> **$563K** approved 03/26/2021 · Paid in Full · Loan `9959208602`
## Borrower
- **Name:** BBT LOGISTICS INC
- **Address:** 329 Doremus Ave, Newark, NJ, 07105-4831
- **NAICS:** 541614
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $563K
- **Initial approval:** $563K
- **Forgiven:** $566K (101%)
- **Forgiveness date:** 11/01/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $563K
- **Utilities:** $1
- **Jobs reported:** 38
## Lender
- **Originating:** Valley National Bank
- **Servicing:** Valley National Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*