# PPP loan: GLOBAL MOTORSPORTS INC
> **$166K** approved 01/20/2021 · Paid in Full · Loan `2106638304`
## Borrower
- **Name:** GLOBAL MOTORSPORTS INC
- **Address:** 7116 Moores Ln, Brentwood, TN, 37027-7939
- **NAICS:** 441120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $166K
- **Initial approval:** $166K
- **Forgiven:** $167K (101%)
- **Forgiveness date:** 10/18/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $166K
- **Utilities:** $1
- **Jobs reported:** 12
## Lender
- **Originating:** Fourth Capital Bank, A Division of Volunteer State Bank
- **Servicing:** Volunteer State Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*