# PPP loan: INTERNATIONAL MOTOR SPORTS, INC.
> **$392K** approved 04/07/2020 · Paid in Full · Loan `7041867003`
## Borrower
- **Name:** INTERNATIONAL MOTOR SPORTS, INC.
- **Address:** 7518 STATE ROAD 60, CEDARBURG, WI, 53012-9702
- **NAICS:** 441210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $392K
- **Initial approval:** $392K
- **Forgiven:** $396K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $392K
- **Jobs reported:** 34
## Lender
- **Originating:** Summit Credit Union
- **Servicing:** Summit CU (WI)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*