# PPP loan: TOO FAST INC.
> **$1.20M** approved 04/08/2020 · Paid in Full · Loan `7839357002`
## Borrower
- **Name:** TOO FAST INC.
- **Address:** 2500 Marina Ave, REDONDO BEACH, CA, 90278
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $1.20M
- **Initial approval:** $1.20M
- **Forgiven:** $1.21M (101%)
- **Forgiveness date:** 05/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $898K
- **Mortgage interest:** $100K
- **Utilities:** $100K
- **Health care:** $100K
- **Jobs reported:** 92
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*