# PPP loan: XTREME DESIGNS AUTO
> **$245K** approved 04/27/2021 · Charged Off · Loan `2508058909`
## Borrower
- **Name:** XTREME DESIGNS AUTO
- **Address:** 833 W Olympic Blvd, Montebello, CA, 90640-5101
- **NAICS:** 811112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $245K
- **Initial approval:** $245K
- **Forgiven:** $43K (18%)
- **Forgiveness date:** 01/10/2023
- **Status:** Charged Off
- **Term:** 30 months
## Use of funds
- **Payroll:** $245K
- **Jobs reported:** 16
## Lender
- **Originating:** Readycap Lending, LLC
- **Servicing:** Readycap Lending, LLC (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*