# PPP loan: WORLD OF POWERSPORTS, INC
> **$472K** approved 04/03/2020 · Paid in Full · Loan `4573727004`
## Borrower
- **Name:** WORLD OF POWERSPORTS, INC
- **Address:** 2635 N 22nd St, DECATUR, IL, 62526-4745
- **NAICS:** 441228
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $472K
- **Initial approval:** $472K
- **Forgiven:** $474K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $354K
- **Rent:** $59K
- **Utilities:** $59K
- **Jobs reported:** 52
## Lender
- **Originating:** First Mid Bank & Trust, National Association
- **Servicing:** First Mid Bank & Trust, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*