# PPP loan: CHOKO-LELE INC
> **$562K** approved 05/19/2020 · Charged Off · Loan `9212137404`
## Borrower
- **Name:** CHOKO-LELE INC
- **Address:** 6510 West Atlantic Boulevard, Margate, FL, 33063-5135
- **NAICS:** 423990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $562K
- **Initial approval:** $562K
- **Status:** Charged Off
- **Term:** 5 months
## Use of funds
- **Payroll:** $422K
- **Rent:** $70K
- **Utilities:** $70K
- **Jobs reported:** 29
## 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*