# PPP loan: SOLD BY FOMA
> **$499K** approved 04/22/2021 · Charged Off · Loan `7636158803`
## Borrower
- **Name:** SOLD BY FOMA
- **Address:** 2043 Mount Zion Rd, Morrow, GA, 30260-3313
- **NAICS:** 454110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $499K
- **Initial approval:** $499K
- **Forgiven:** $322K (65%)
- **Forgiveness date:** 12/27/2022
- **Status:** Charged Off
- **Term:** 38 months
## Use of funds
- **Payroll:** $499K
- **Utilities:** $1
- **Jobs reported:** 33
## Lender
- **Originating:** American Lending Center
- **Servicing:** American Lending Center (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*