# PPP loan: ROYAL SPEEDWAY INC
> **$4.30M** approved 04/06/2020 · Paid in Full · Loan `6245687005`
## Borrower
- **Name:** ROYAL SPEEDWAY INC
- **Address:** 4670 N CIRCUIT RD, TUCSON, AZ, 85705-6022
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.30M
- **Initial approval:** $4.30M
- **Forgiven:** $4.10M (95%)
- **Forgiveness date:** 08/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.23M
- **Mortgage interest:** $538K
- **Utilities:** $538K
- **Jobs reported:** 373
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*