# PPP loan: K1 SPEED INC.
> **$2.00M** approved 02/05/2021 · Exemption 4 · Loan `3888618405`
## Borrower
- **Name:** K1 SPEED INC.
- **Address:** 17221 Von Karman Ave, Irvine, CA, 92614-6201
- **NAICS:** 713990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.00M
- **Initial approval:** $2.00M
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $2.00M
- **Utilities:** $1
- **Jobs reported:** 273
## Lender
- **Originating:** Banc of California
- **Servicing:** Banc of California (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*