# PPP loan: WELLMAX MOTOR
> **$180K** approved 06/14/2020 · Charged Off · Loan `3708157907`
## Borrower
- **Name:** WELLMAX MOTOR
- **Address:** 131 NW 16TH STREET BAY#2, POMPANO BEACH, FL, 33060
- **NAICS:** 812990
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $180K
- **Initial approval:** $180K
- **Status:** Charged Off
- **Term:** 36 months
## Use of funds
- **Payroll:** $135K
- **Rent:** $23K
- **Utilities:** $23K
- **Jobs reported:** 7
## 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*