# PPP loan: J&A RACING INC.
> **$150K** approved 01/23/2021 · Paid in Full · Loan `4526528301`
## Borrower
- **Name:** J&A RACING INC.
- **Address:** 3601 Shore Dr, Virginia Beach, VA, 23455-1725
- **NAICS:** 711320
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $150K
- **Initial approval:** $150K
- **Forgiven:** $151K (100%)
- **Forgiveness date:** 07/26/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $150K
- **Utilities:** $1
- **Jobs reported:** 8
## Lender
- **Originating:** TowneBank
- **Servicing:** TowneBank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*