# PPP loan: ED CARPENTER RACING, LLC
> **$716K** approved 04/09/2020 · Paid in Full · Loan `8885497004`
## Borrower
- **Name:** ED CARPENTER RACING, LLC
- **Address:** 7231 Georgetown Road, INDIANAPOLIS, IN, 46268-4126
- **NAICS:** 711211
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $716K
- **Initial approval:** $716K
- **Forgiven:** $723K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $573K
- **Utilities:** $143K
- **Jobs reported:** 40
## Lender
- **Originating:** Horizon Bank
- **Servicing:** Horizon Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*