# PPP loan: RACER'S EDGE KARTING INC
> **$225K** approved 04/14/2020 · Paid in Full · Loan `7302457106`
## Borrower
- **Name:** RACER'S EDGE KARTING INC
- **Address:** 960 CHESTNUT ST, BURBANK, CA, 91506-1621
- **NAICS:** 713990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $225K
- **Initial approval:** $225K
- **Forgiven:** $215K (95%)
- **Forgiveness date:** 08/05/2021
- **Status:** Paid in Full
- **Term:** 35 months
## Use of funds
- **Payroll:** $169K
- **Utilities:** $56K
- **Jobs reported:** 25
## Lender
- **Originating:** California Bank of Commerce, NA
- **Servicing:** California Bank of Commerce, NA (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*