# PPP loan: FMS WHOLESALE LLC
> **$280K** approved 05/30/2020 · Charged Off · Loan `5599617804`
## Borrower
- **Name:** FMS WHOLESALE LLC
- **Address:** 4257 N. STATE ROAD 7, LAUDERDALE LAKES, FL, 33319
- **NAICS:** 423990
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $280K
- **Initial approval:** $280K
- **Forgiven:** $246K (88%)
- **Forgiveness date:** 11/10/2021
- **Status:** Charged Off
- **Term:** 4 months
## Use of funds
- **Payroll:** $210K
- **Utilities:** $70K
- **Jobs reported:** 31
## 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*