# PPP loan: LONGMONT MOTORSPORTS INC.
> **$160K** approved 04/12/2020 · Paid in Full · Loan `3937397107`
## Borrower
- **Name:** LONGMONT MOTORSPORTS INC.
- **Address:** 645 Frontage Rd, Longmont, CO, 80501-6353
- **NAICS:** 441228
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $160K
- **Initial approval:** $160K
- **Forgiven:** $161K (101%)
- **Forgiveness date:** 12/31/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $130K
- **Rent:** $27K
- **Utilities:** $3K
- **Jobs reported:** 19
## Lender
- **Originating:** Independent Bank d/b/a Independent Financial
- **Servicing:** Independent Bank d/b/a Independent Financial (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*