# PPP loan: AF LOGISTICS LLC
> **$240K** approved 05/15/2020 · Charged Off · Loan `7003787405`
## Borrower
- **Name:** AF LOGISTICS LLC
- **Address:** 14521 Edgewoods Way, Glenelg, MD, 21737
- **NAICS:** 484110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $240K
- **Initial approval:** $240K
- **Status:** Charged Off
- **Term:** 5 months
## Use of funds
- **Payroll:** $180K
- **Rent:** $30K
- **Utilities:** $30K
- **Jobs reported:** 33
## 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*