# PPP loan: WBF WEDDINGS BY FARAH INC
> **$1.59M** approved 05/01/2020 · Charged Off · Loan `8172227309`
## Borrower
- **Name:** WBF WEDDINGS BY FARAH INC
- **Address:** 308 Post Oak Trail, Murphy, TX, 75094
- **NAICS:** 812990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.59M
- **Initial approval:** $1.59M
- **Status:** Charged Off
- **Term:** 5 months
## Use of funds
- **Payroll:** $1.19M
- **Rent:** $199K
- **Utilities:** $199K
- **Jobs reported:** 126
## 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*