# PPP loan: FORMULA TRADE
> **$197K** approved 08/05/2020 · Charged Off · Loan `4167798200`
## Borrower
- **Name:** FORMULA TRADE
- **Address:** 17777 Center Court Drive, Ste 600, CERRITOS, CA, 90703-8575
- **NAICS:** 454110
- **Business type:** Sole Proprietorship
- **Business age:** Unanswered
## Loan
- **Approval amount:** $197K
- **Initial approval:** $197K
- **Status:** Charged Off
- **Term:** 42 months
## Use of funds
- **Payroll:** $197K
- **Jobs reported:** 11
## Lender
- **Originating:** Umpqua Bank
- **Servicing:** Umpqua Bank (OR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*