# PPP loan: COCHRAN MOTORSPORTS INC.
> **$162K** approved 04/11/2020 · Paid in Full · Loan `3009107109`
## Borrower
- **Name:** COCHRAN MOTORSPORTS INC.
- **Address:** 8700 E Church St, Hastings, FL, 32145-4402
- **NAICS:** 488410
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $162K
- **Initial approval:** $162K
- **Forgiven:** $163K (101%)
- **Forgiveness date:** 04/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $162K
- **Jobs reported:** 26
## Lender
- **Originating:** Capital City Bank
- **Servicing:** Capital City Bank (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*