# PPP loan: TEMECULA MOTORSPORTS INC
> **$1.01M** approved 05/01/2020 · Paid in Full · Loan `1642657705`
## Borrower
- **Name:** TEMECULA MOTORSPORTS INC
- **Address:** 26860 JEFFERSON AVE, MURRIETA, CA, 92562
- **NAICS:** 441210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.01M
- **Initial approval:** $1.01M
- **Forgiven:** $1.02M (101%)
- **Forgiveness date:** 05/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $788K
- **Rent:** $172K
- **Utilities:** $30K
- **Health care:** $22K
- **Jobs reported:** 63
## 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*