# PPP loan: US 27 MOTORSPORTS & TRAILERS INC
> **$312K** approved 04/04/2020 · Paid in Full · Loan `4682617005`
## Borrower
- **Name:** US 27 MOTORSPORTS & TRAILERS INC
- **Address:** 5301 N US HIGHWAY 27, SAINT JOHNS, MI, 48879-8715
- **NAICS:** 441228
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $312K
- **Initial approval:** $312K
- **Forgiven:** $315K (101%)
- **Forgiveness date:** 03/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $232K
- **Rent:** $28K
- **Mortgage interest:** $39K
- **Utilities:** $11K
- **Health care:** $3K
- **Jobs reported:** 30
## Lender
- **Originating:** Commercial Bank
- **Servicing:** Commercial Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*