# PPP loan: MADARO LLC
> **$204K** approved 05/11/2020 · Charged Off · Loan `5030567405`
## Borrower
- **Name:** MADARO LLC
- **Address:** 1731 Rhode Island Avenue Northeast, Washington, DC, 20018
- **NAICS:** 621111
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $204K
- **Initial approval:** $204K
- **Status:** Charged Off
- **Term:** 5 months
## Use of funds
- **Payroll:** $153K
- **Rent:** $51K
- **Jobs reported:** 22
## 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*