# PPP loan: PERFORMANCE DRIVES, INC
> **$217K** approved 04/14/2020 · Paid in Full · Loan `6490597104`
## Borrower
- **Name:** PERFORMANCE DRIVES, INC
- **Address:** 1430 Front St PO Box 1682, RICHLANDS, VA, 24641-1682
- **NAICS:** 811310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $217K
- **Initial approval:** $217K
- **Forgiven:** $220K (101%)
- **Forgiveness date:** 07/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $217K
- **Jobs reported:** 13
## Lender
- **Originating:** New Peoples Bank, Inc.
- **Servicing:** New Peoples Bank, Inc. (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*