# PPP loan: 509 EXPRESS INC
> **$480K** approved 05/29/2020 · Charged Off · Loan `4843757809`
## Borrower
- **Name:** 509 EXPRESS INC
- **Address:** 4800 Springs Lane, Norcross, GA, 30092
- **NAICS:** 484110
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $480K
- **Initial approval:** $480K
- **Status:** Charged Off
- **Term:** 5 months
## Use of funds
- **Payroll:** $360K
- **Rent:** $60K
- **Utilities:** $60K
- **Jobs reported:** 8
## 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*