# PPP loan: PROMOTOR ENGINES LLC
> **$169K** approved 04/07/2020 · Paid in Full · Loan `6577597009`
## Borrower
- **Name:** PROMOTOR ENGINES LLC
- **Address:** 102 S IREDELL INDUSTRIAL PARK RD, MOORESVILLE, NC, 28115-7128
- **NAICS:** 711212
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $169K
- **Initial approval:** $169K
- **Forgiven:** $171K (101%)
- **Forgiveness date:** 03/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $169K
- **Jobs reported:** 14
## Lender
- **Originating:** Peoples Bank
- **Servicing:** Peoples Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*