# PPP loan: FREEDOM RACING TOOL AND AUTO, LLC
> **$189K** approved 04/03/2020 · Paid in Full · Loan `4403717009`
## Borrower
- **Name:** FREEDOM RACING TOOL AND AUTO, LLC
- **Address:** 28677 Airport Road, LAMONI, IA, 50140-2299
- **NAICS:** 441310
- **Business type:** Limited Liability Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $189K
- **Initial approval:** $189K
- **Forgiven:** $190K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $182K
- **Rent:** $2K
- **Utilities:** $4K
- **Debt interest:** $1K
- **Jobs reported:** 31
## Lender
- **Originating:** American State Bank
- **Servicing:** American State Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*