# PPP loan: KENNETH MCPEEK RACING STABLE, INC.
> **$424K** approved 04/14/2020 · Paid in Full · Loan `6451147106`
## Borrower
- **Name:** KENNETH MCPEEK RACING STABLE, INC.
- **Address:** 828 LANE ALLEN RD STE 240, LEXINGTON, KY, 40504-3661
- **NAICS:** 711219
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $424K
- **Initial approval:** $424K
- **Forgiven:** $428K (101%)
- **Forgiveness date:** 02/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $353K
- **Rent:** $50K
- **Utilities:** $21K
- **Debt interest:** $1K
- **Jobs reported:** 75
## Lender
- **Originating:** City National Bank of West Virginia
- **Servicing:** City National Bank of West Virginia (WV)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*