# PPP loan: DASH FREIGHT SYSTEMS, INC.
> **$188K** approved 05/06/2020 · Charged Off · Loan `3060157402`
## Borrower
- **Name:** DASH FREIGHT SYSTEMS, INC.
- **Address:** 21730 S. Wilmington Ave STE 204, Long Beach, CA, 90810-1640
- **NAICS:** 488510
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $188K
- **Initial approval:** $188K
- **Forgiven:** $128K (68%)
- **Forgiveness date:** 10/04/2021
- **Status:** Charged Off
- **Term:** 3 months
## Use of funds
- **Payroll:** $141K
- **Mortgage interest:** $23K
- **Utilities:** $23K
- **Jobs reported:** 8
## Lender
- **Originating:** Customers Bank
- **Servicing:** Customers Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*