# PPP loan: CIOCCA MOTORSPORTS INC
> **$790K** approved 04/15/2020 · Paid in Full · Loan `8187527101`
## Borrower
- **Name:** CIOCCA MOTORSPORTS INC
- **Address:** 135 New Jersey 31, Flemington, NJ, 08822
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $790K
- **Initial approval:** $790K
- **Forgiven:** $799K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $506K
- **Rent:** $180K
- **Utilities:** $8K
- **Health care:** $26K
- **Debt interest:** $70K
- **Jobs reported:** 61
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*