# PPP loan: SOLO CARS, LLC.
> **$625K** approved 06/04/2020 · Charged Off · Loan `7860247804`
## Borrower
- **Name:** SOLO CARS, LLC.
- **Address:** 1419 NW 80TH AVE, MARGATE, FL, 33063-2902
- **NAICS:** 812990
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $625K
- **Initial approval:** $625K
- **Status:** Charged Off
- **Term:** 5 months
## Use of funds
- **Payroll:** $469K
- **Rent:** $78K
- **Utilities:** $78K
- **Jobs reported:** 8
## 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*