# PPP loan: DRONE RACING LEAGUE, INC.
> **$1.86M** approved 05/05/2020 · Paid in Full · Loan `2270087409`
## Borrower
- **Name:** DRONE RACING LEAGUE, INC.
- **Address:** 40 West 27th Street, New York, NY, 10001
- **NAICS:** 812990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.86M
- **Initial approval:** $1.86M
- **Forgiven:** $1.88M (101%)
- **Forgiveness date:** 10/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.39M
- **Rent:** $232K
- **Utilities:** $232K
- **Jobs reported:** 89
## Lender
- **Originating:** Celtic Bank Corporation
- **Servicing:** Celtic Bank Corporation (UT)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*