# PPP loan: JALEX TRANSPORTATION INC
> **$171K** approved 06/09/2020 · Charged Off · Loan `9703057801`
## Borrower
- **Name:** JALEX TRANSPORTATION INC
- **Address:** 1991 Northwest 35th Terrace, Coconut Creek, FL, 33066-3031
- **NAICS:** 484110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $171K
- **Initial approval:** $171K
- **Status:** Charged Off
- **Term:** 37 months
## Use of funds
- **Payroll:** $128K
- **Rent:** $21K
- **Utilities:** $21K
- **Jobs reported:** 9
## 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*