# PPP loan: K1 SPEED, INC.
> **$3.94M** approved 04/07/2020 · Paid in Full · Loan `7032297007`
## Borrower
- **Name:** K1 SPEED, INC.
- **Address:** 17221 Von Karman Ave, Irvine, CA, 92614-6201
- **NAICS:** 713990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.94M
- **Initial approval:** $3.94M
- **Forgiven:** $4.00M (101%)
- **Forgiveness date:** 09/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.94M
- **Jobs reported:** 273
## Lender
- **Originating:** Banc of California
- **Servicing:** Banc of California (CA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*