# PPP loan: W3 ENTERPRISES, INC
> **$1.22M** approved 05/01/2020 · Charged Off · Loan `8388297307`
## Borrower
- **Name:** W3 ENTERPRISES, INC
- **Address:** 15039 HWY 181 S., Sinton, TX, 78387-5556
- **NAICS:** 237120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.22M
- **Initial approval:** $1.22M
- **Forgiven:** $779K (64%)
- **Forgiveness date:** 08/30/2021
- **Status:** Charged Off
- **Term:** 5 months
## Use of funds
- **Payroll:** $1.22M
- **Jobs reported:** 10
## 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*