# PPP loan: OLVAD HOLDINGS LLC
> **$418K** approved 04/15/2020 · Charged Off · Loan `8046087107`
## Borrower
- **Name:** OLVAD HOLDINGS LLC
- **Address:** 5 Alegria Ln, CORRALES, NM, 87048
- **NAICS:** 562998
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $418K
- **Initial approval:** $418K
- **Status:** Charged Off
- **Term:** 1 months
## Use of funds
- **Payroll:** $313K
- **Utilities:** $104K
- **Jobs reported:** 21
## Lender
- **Originating:** Washington Federal Bank d/b/a WaFd Bank
- **Servicing:** Washington Federal Bank d/b/a WaFd Bank (WA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*