# PPP loan: COMPETITION TIRE EAST, INC
> **$845K** approved 04/06/2020 · Paid in Full · Loan `6199387007`
## Borrower
- **Name:** COMPETITION TIRE EAST, INC
- **Address:** 150 FRANKLIN ST, READING, PA, 19602-1056
- **NAICS:** 423130
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $845K
- **Initial approval:** $845K
- **Forgiven:** $853K (101%)
- **Forgiveness date:** 03/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $845K
- **Jobs reported:** 53
## Lender
- **Originating:** Orrstown Bank
- **Servicing:** Orrstown Bank (PA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*