# PPP loan: MOTORSPORTS OF MELBOURNE INC
> **$1.13M** approved 03/31/2021 · Paid in Full · Loan `3894468709`
## Borrower
- **Name:** MOTORSPORTS OF MELBOURNE INC
- **Address:** 1440 Sportsman Ln NE, Palm Bay, FL, 32905-6323
- **NAICS:** 441228
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.13M
- **Initial approval:** $1.13M
- **Forgiven:** $1.14M (101%)
- **Forgiveness date:** 01/13/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.13M
- **Jobs reported:** 81
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*