# PPP loan: VENTURINI MOTORSPORTS LLC
> **$220K** approved 04/13/2020 · Paid in Full · Loan `5588947106`
## Borrower
- **Name:** VENTURINI MOTORSPORTS LLC
- **Address:** 571 Pitts School Rd, CONCORD, NC, 28027-2905
- **NAICS:** 611620
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $220K
- **Initial approval:** $220K
- **Forgiven:** $222K (101%)
- **Forgiveness date:** 03/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $165K
- **Mortgage interest:** $28K
- **Utilities:** $28K
- **Jobs reported:** 16
## Lender
- **Originating:** First Source Federal Credit Union
- **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*