# PPP loan: LANGSTON MOTORSPORTS
> **$492K** approved 02/09/2021 · Paid in Full · Loan `5704748404`
## Borrower
- **Name:** LANGSTON MOTORSPORTS
- **Address:** 1622 Illinois Ave Ste 1, Perris, CA, 92571-9374
- **NAICS:** 441228
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $492K
- **Initial approval:** $492K
- **Forgiven:** $495K (101%)
- **Forgiveness date:** 09/09/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $492K
- **Jobs reported:** 39
## Lender
- **Originating:** Gateway Bank, FSB
- **Servicing:** Gateway Bank, FSB (CA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*