# PPP loan: SPORTS VENTURES INC.
> **$574K** approved 04/07/2020 · Paid in Full · Loan `6975507010`
## Borrower
- **Name:** SPORTS VENTURES INC.
- **Address:** 160 E CORPORATE PLACE, CHANDLER, AZ, 85225-1018
- **NAICS:** 423910
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $574K
- **Initial approval:** $574K
- **Forgiven:** $580K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $431K
- **Utilities:** $72K
- **Jobs reported:** 154
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*