# PPP loan: RACEWAY MOTORS, LLC.
> **$260K** approved 04/11/2020 · Paid in Full · Loan `2836197102`
## Borrower
- **Name:** RACEWAY MOTORS, LLC.
- **Address:** 1623 South First Street, LUFKIN, TX, 75901-4751
- **NAICS:** 441120
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $260K
- **Initial approval:** $260K
- **Forgiven:** $262K (101%)
- **Forgiveness date:** 02/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $260K
- **Jobs reported:** 26
## Lender
- **Originating:** Southside Bank
- **Servicing:** Southside Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*