# PPP loan: TOUSLEY MOTORSPORTS, INC.
> **$575K** approved 04/10/2020 · Paid in Full · Loan `1550157101`
## Borrower
- **Name:** TOUSLEY MOTORSPORTS, INC.
- **Address:** 1400 EAST COUNTY ROAD E, SAINT PAUL, MN, 55110-5230
- **NAICS:** 441228
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $575K
- **Initial approval:** $575K
- **Forgiven:** $579K (101%)
- **Forgiveness date:** 12/31/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $470K
- **Rent:** $51K
- **Mortgage interest:** $16K
- **Utilities:** $10K
- **Health care:** $28K
- **Jobs reported:** 51
## Lender
- **Originating:** Premier Bank
- **Servicing:** Premier Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*