# PPP loan: PREMIUM MOTORSPORTS, LLC
> **$314K** approved 04/04/2020 · Paid in Full · Loan `4747217005`
## Borrower
- **Name:** PREMIUM MOTORSPORTS, LLC
- **Address:** 222 RACEWAY DR, MOORESVILLE, NC, 28117-6510
- **NAICS:** 711219
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $314K
- **Initial approval:** $576K
- **Forgiven:** $294K (94%)
- **Forgiveness date:** 07/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $314K
- **Jobs reported:** 46
## Lender
- **Originating:** United Community Bank
- **Servicing:** United Community Bank (SC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*