# PPP loan: PERFORMANCE AUTOMOTIVE & DEVELOPMENT
> **$199K** approved 02/04/2021 · Paid in Full · Loan `2972058401`
## Borrower
- **Name:** PERFORMANCE AUTOMOTIVE & DEVELOPMENT
- **Address:** 11591 Suburnas Way, Santa Ana, CA, 92705-2919
- **NAICS:** 811211
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $199K
- **Initial approval:** $199K
- **Forgiven:** $200K (101%)
- **Forgiveness date:** 08/25/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $199K
- **Utilities:** $1
- **Jobs reported:** 14
## Lender
- **Originating:** Farmers & Merchants Bank of Long Beach
- **Servicing:** Farmers & Merchants Bank of Long Beach (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*