# PPP loan: PLATINUM MOTORSPORT COLLISION CENTER INC
> **$259K** approved 04/28/2020 · Paid in Full · Loan `6374697200`
## Borrower
- **Name:** PLATINUM MOTORSPORT COLLISION CENTER INC
- **Address:** 7610 W SUNSET BLVD, LOS ANGELES, CA, 90046-2715
- **NAICS:** 811121
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $259K
- **Initial approval:** $259K
- **Forgiven:** $262K (101%)
- **Forgiveness date:** 07/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $207K
- **Rent:** $40K
- **Utilities:** $12K
- **Jobs reported:** 16
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*