# PPP loan: LAGS ADVERTISING, INC
> **$224K** approved 06/16/2020 · Charged Off · Loan `6906027908`
## Borrower
- **Name:** LAGS ADVERTISING, INC
- **Address:** 12939 OXNARD ST, VAN NUYS, CA, 91401-4105
- **NAICS:** 524210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $224K
- **Initial approval:** $224K
- **Status:** Charged Off
- **Term:** 42 months
## Use of funds
- **Payroll:** $168K
- **Rent:** $28K
- **Utilities:** $28K
- **Jobs reported:** 12
## 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*