# PPP loan: NITRO 127, LLC
> **$209K** approved 04/30/2020 · Charged Off · Loan `6340687308`
## Borrower
- **Name:** NITRO 127, LLC
- **Address:** 12701 Coastal Highway, Ocean City, MD, 21842
- **NAICS:** 721199
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $209K
- **Initial approval:** $209K
- **Status:** Charged Off
- **Term:** 5 months
## Use of funds
- **Payroll:** $157K
- **Rent:** $26K
- **Utilities:** $26K
- **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*