# PPP loan: GLOBAL MOTORSPORTS INC
> **$302K** approved 04/07/2020 · Paid in Full · Loan `7230057006`
## Borrower
- **Name:** GLOBAL MOTORSPORTS INC
- **Address:** 7116 Moores Lane, BRENTWOOD, TN, 37027-7939
- **NAICS:** 441120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $302K
- **Initial approval:** $302K
- **Forgiven:** $305K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $302K
- **Jobs reported:** 12
## Lender
- **Originating:** Fourth Capital Bank, A Division of Volunteer State Bank
- **Servicing:** Volunteer State Bank (TN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*