# PPP loan: PALM BEACH AUTO VENTURES, LLC
> **$178K** approved 05/01/2020 · Charged Off · Loan `8147087302`
## Borrower
- **Name:** PALM BEACH AUTO VENTURES, LLC
- **Address:** 3855 S MILITARY TRL, LAKE WORTH, FL, 33463-3431
- **NAICS:** 811111
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $178K
- **Initial approval:** $178K
- **Forgiven:** $156K (87%)
- **Forgiveness date:** 06/16/2022
- **Status:** Charged Off
- **Term:** 30 months
## Use of funds
- **Payroll:** $178K
- **Jobs reported:** 22
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*