# PPP loan: ULTIMATE BUSINESS EDGE
> **$188K** approved 05/14/2020 · Charged Off · Loan `6374887405`
## Borrower
- **Name:** ULTIMATE BUSINESS EDGE
- **Address:** 23714 Arsenal Road, Brownstown Charter Township, MI, 48134
- **NAICS:** 551112
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $188K
- **Initial approval:** $188K
- **Status:** Charged Off
- **Term:** 5 months
## Use of funds
- **Payroll:** $141K
- **Utilities:** $47K
- **Jobs reported:** 13
## 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*