# PPP loan: LG AFFORDABLE MOTORS LLC
> **$150K** approved 06/23/2020 · Charged Off · Loan `1845788008`
## Borrower
- **Name:** LG AFFORDABLE MOTORS LLC
- **Address:** 1910 Mears Parkway Margate, Margate, FL, 33063
- **NAICS:** 812990
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $150K
- **Initial approval:** $150K
- **Forgiven:** $43K (28%)
- **Forgiveness date:** 09/28/2021
- **Status:** Charged Off
- **Term:** 13 months
## Use of funds
- **Payroll:** $113K
- **Rent:** $19K
- **Utilities:** $19K
- **Jobs reported:** 9
## Lender
- **Originating:** Celtic Bank Corporation
- **Servicing:** Celtic Bank Corporation (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*