# PPP loan: J & B TRANSPORTS INC
> **$165K** approved 06/23/2020 · Charged Off · Loan `1973158001`
## Borrower
- **Name:** J & B TRANSPORTS INC
- **Address:** 7238 Montague Street, Philadelphia, PA, 19135-1111
- **NAICS:** 484110
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $165K
- **Initial approval:** $165K
- **Status:** Charged Off
- **Term:** 42 months
## Use of funds
- **Payroll:** $124K
- **Utilities:** $41K
- **Jobs reported:** 11
## 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*