# PPP loan: PORT CITY RACING, INC.
> **$728K** approved 04/10/2020 · Paid in Full · Loan `2547687100`
## Borrower
- **Name:** PORT CITY RACING, INC.
- **Address:** 540 DANFORTH ST, COOPERSVILLE, MI, 49404-1209
- **NAICS:** 441310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $728K
- **Initial approval:** $728K
- **Forgiven:** $734K (101%)
- **Forgiveness date:** 02/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $582K
- **Mortgage interest:** $146K
- **Jobs reported:** 64
## Lender
- **Originating:** Comerica Bank
- **Servicing:** Comerica Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*