# PPP loan: CHIP GANASSI RACING WITH FELIX SABATES, INC.
> **$3.96M** approved 04/03/2020 · Paid in Full · Loan `4539337001`
## Borrower
- **Name:** CHIP GANASSI RACING WITH FELIX SABATES, INC.
- **Address:** 8500 WESTMORELAND DR, CONCORD, NC, 28027-7571
- **NAICS:** 711219
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.96M
- **Initial approval:** $3.96M
- **Forgiven:** $4.01M (101%)
- **Forgiveness date:** 08/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.96M
- **Jobs reported:** 179
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*