# PPP loan: INFINITE VELOCITY AUTOMOTIVE, INC.
> **$1.71M** approved 04/11/2020 · Paid in Full · Loan `3472117103`
## Borrower
- **Name:** INFINITE VELOCITY AUTOMOTIVE, INC.
- **Address:** 800 Davis Street, SAN LEANDRO, CA, 94577-1512
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $1.71M
- **Initial approval:** $1.71M
- **Forgiven:** $1.73M (101%)
- **Forgiveness date:** 07/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.71M
- **Jobs reported:** 85
## Lender
- **Originating:** Fremont Bank
- **Servicing:** Fremont Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*