# PPP loan: CARS DIRECT BY GAVAWN HWD BOBS MOTORS INC.
> **$1.56M** approved 05/09/2020 · Charged Off · Loan `4507467403`
## Borrower
- **Name:** CARS DIRECT BY GAVAWN HWD BOBS MOTORS INC.
- **Address:** 10410 Gloucester Lane, Cheltenham, MD, 20623
- **NAICS:** 621111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.56M
- **Initial approval:** $1.56M
- **Status:** Charged Off
- **Term:** 5 months
## Use of funds
- **Payroll:** $1.17M
- **Rent:** $389K
- **Jobs reported:** 10
## 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*