# PPP loan: SONNY'S AUTOMOTIVE RACING INC
> **$161K** approved 03/28/2021 · Paid in Full · Loan `2222038701`
## Borrower
- **Name:** SONNY'S AUTOMOTIVE RACING INC
- **Address:** 352 Training Center Rd, Lynchburg, VA, 24502-4941
- **NAICS:** 811198
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $161K
- **Initial approval:** $161K
- **Forgiven:** $162K (101%)
- **Forgiveness date:** 11/22/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $161K
- **Utilities:** $1
- **Jobs reported:** 11
## Lender
- **Originating:** Atlantic Union Bank
- **Servicing:** Atlantic Union Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*