# PPP loan: FORMULA ONE INVESTMENTS LLC
> **$175K** approved 04/30/2020 · Paid in Full · Loan `5735237302`
## Borrower
- **Name:** FORMULA ONE INVESTMENTS LLC
- **Address:** 7511 E Independence Blvd, CHARLOTTE, NC, 28227-9406
- **NAICS:** 441120
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Unanswered
## Loan
- **Approval amount:** $175K
- **Initial approval:** $175K
- **Forgiven:** $176K (101%)
- **Forgiveness date:** 02/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $175K
- **Jobs reported:** 16
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*