# PPP loan: CGM GENERAL SERVICE CORP
> **$203K** approved 06/30/2020 · Charged Off · Loan `6537708007`
## Borrower
- **Name:** CGM GENERAL SERVICE CORP
- **Address:** 11550 Sundance Lane, Boca Raton, FL, 33428-5523
- **NAICS:** 812990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $203K
- **Initial approval:** $203K
- **Status:** Charged Off
- **Term:** 41 months
## Use of funds
- **Payroll:** $152K
- **Rent:** $25K
- **Utilities:** $25K
- **Jobs reported:** 9
## 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*