# PPP loan: WAVE ELECTRIC BIKES LLC
> **$494K** approved 07/30/2020 · Charged Off · Loan `1285778202`
## Borrower
- **Name:** WAVE ELECTRIC BIKES LLC
- **Address:** 214 38TH PL STE B, MANHATTAN BEACH, CA, 90266
- **NAICS:** 451110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $494K
- **Initial approval:** $494K
- **Status:** Charged Off
- **Term:** 41 months
## Use of funds
- **Payroll:** $300K
- **Debt interest:** $194K
- **Jobs reported:** 15
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*