# PPP loan: KENNETH L. ROBERTS RACING STABLES INC.
> **$150K** approved 05/01/2020 · Paid in Full · Loan `1978547700`
## Borrower
- **Name:** KENNETH L. ROBERTS RACING STABLES INC.
- **Address:** 7740 COHENOUR RD, ORANGE, TX, 77632
- **NAICS:** 713940
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $150K
- **Initial approval:** $150K
- **Forgiven:** $152K (101%)
- **Forgiveness date:** 05/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $120K
- **Rent:** $22K
- **Utilities:** $5K
- **Health care:** $3K
- **Jobs reported:** 21
## 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*