# PPP loan: CANNONLAKE LLC
> **$197K** approved 06/23/2020 · Charged Off · Loan `1979828002`
## Borrower
- **Name:** CANNONLAKE LLC
- **Address:** 7909 37th Avenue South, Seattle, WA, 98118-4332
- **NAICS:** 423990
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $197K
- **Initial approval:** $197K
- **Status:** Charged Off
- **Term:** 42 months
## Use of funds
- **Payroll:** $148K
- **Rent:** $25K
- **Utilities:** $25K
- **Jobs reported:** 13
## 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*