# PPP loan: PLATINUM MOTORSPORT COLLISION CENTER
> **$187K** approved 02/22/2021 · Paid in Full · Loan `2960738505`
## Borrower
- **Name:** PLATINUM MOTORSPORT COLLISION CENTER
- **Address:** 7610 W Sunset Blvd, Los Angeles, CA, 90046-2715
- **NAICS:** 811121
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $187K
- **Initial approval:** $187K
- **Forgiven:** $191K (102%)
- **Forgiveness date:** 03/14/2023
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $187K
- **Utilities:** $1
- **Jobs reported:** 13
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*