# PPP loan: Z1 MOTORSPORTS INC
> **$496K** approved 04/07/2020 · Paid in Full · Loan `6770317008`
## Borrower
- **Name:** Z1 MOTORSPORTS INC
- **Address:** 2877 Carrollton Villa Rica Hwy, CARROLLTON, GA, 30116-5525
- **NAICS:** 441310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $496K
- **Initial approval:** $638K
- **Forgiven:** $498K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $496K
- **Jobs reported:** 46
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*