# PPP loan: MONROE MOTORSPORTS INC.
> **$327K** approved 02/03/2021 · Paid in Full · Loan `2015468404`
## Borrower
- **Name:** MONROE MOTORSPORTS INC.
- **Address:** 1314 S Telegraph Rd, Monroe, MI, 48161-5521
- **NAICS:** 441228
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $327K
- **Initial approval:** $327K
- **Forgiven:** $331K (101%)
- **Forgiveness date:** 02/14/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $327K
- **Utilities:** $1
- **Jobs reported:** 21
## Lender
- **Originating:** The Huntington National Bank
- **Servicing:** The Huntington National Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*