# PPP loan: MICHAEL WELLS CONSULTING LLC
> **$172K** approved 06/22/2020 · Charged Off · Loan `1461248000`
## Borrower
- **Name:** MICHAEL WELLS CONSULTING LLC
- **Address:** 142 W 27TH ST, RIVIERA BEACH, FL, 33404-4447
- **NAICS:** 423720
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $172K
- **Initial approval:** $172K
- **Forgiven:** $84K (49%)
- **Forgiveness date:** 06/15/2022
- **Status:** Charged Off
- **Term:** 33 months
## Use of funds
- **Payroll:** $103K
- **Rent:** $69K
- **Jobs reported:** 11
## Lender
- **Originating:** iTHINK Financial CU
- **Servicing:** iTHINK Financial CU (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*