# PPP loan: STR8 LACED
> **$200K** approved 06/15/2020 · Charged Off · Loan `5242267901`
## Borrower
- **Name:** STR8 LACED
- **Address:** 10841 Folsom Boulevard, Rancho Cordova, CA, 95670-5003
- **NAICS:** 453998
- **Business type:** Sole Proprietorship
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $200K
- **Initial approval:** $200K
- **Status:** Charged Off
- **Term:** 42 months
## Use of funds
- **Payroll:** $150K
- **Rent:** $25K
- **Utilities:** $25K
- **Jobs reported:** 14
## 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*