# PPP loan: ANDOVER STREET MOTOR SPORTS INC
> **$979K** approved 05/01/2020 · Paid in Full · Loan `6034797700`
## Borrower
- **Name:** ANDOVER STREET MOTOR SPORTS INC
- **Address:** 7 CENTENNIAL DR, PEABODY, MA, 01960-7906
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $979K
- **Initial approval:** $979K
- **Forgiven:** $993K (101%)
- **Forgiveness date:** 09/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $979K
- **Jobs reported:** 60
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*