# PPP loan: INFINITE VELOCITY AUTOMOTIVE INC.
> **$1.71M** approved 01/23/2021 · Paid in Full · Loan `4371428300`
## Borrower
- **Name:** INFINITE VELOCITY AUTOMOTIVE INC.
- **Address:** 800 Davis St, San Leandro, CA, 94577-1512
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.71M
- **Initial approval:** $1.71M
- **Forgiven:** $1.72M (101%)
- **Forgiveness date:** 10/06/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.71M
- **Utilities:** $1
- **Jobs reported:** 122
## 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*