# PPP loan: JP MOTORSPORTS, INC
> **$312K** approved 04/30/2020 · Paid in Full · Loan `5376377306`
## Borrower
- **Name:** JP MOTORSPORTS, INC
- **Address:** 11582 Sheldon St, Sun Valley, CA, 91352
- **NAICS:** 485320
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $312K
- **Initial approval:** $312K
- **Forgiven:** $315K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $312K
- **Jobs reported:** 20
## Lender
- **Originating:** BMO Bank National Association
- **Servicing:** BMO Bank National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*