# PPP loan: SAN DIEGO MOTORSPORTS INC.
> **$445K** approved 05/01/2020 · Paid in Full · Loan `1385807700`
## Borrower
- **Name:** SAN DIEGO MOTORSPORTS INC.
- **Address:** 5755 KEARNY VILLA RD, SAN DIEGO, CA, 92123
- **NAICS:** 711212
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $445K
- **Initial approval:** $445K
- **Forgiven:** $449K (101%)
- **Forgiveness date:** 05/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $346K
- **Rent:** $71K
- **Utilities:** $13K
- **Health care:** $14K
- **Jobs reported:** 35
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*