# PPP loan: WORLD RACING GROUP, INC.
> **$856K** approved 04/09/2020 · Paid in Full · Loan `8911267010`
## Borrower
- **Name:** WORLD RACING GROUP, INC.
- **Address:** 7575 WESTWINDS BLVD STE D, CONCORD, NC, 28027-3329
- **NAICS:** 711212
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $856K
- **Initial approval:** $856K
- **Forgiven:** $862K (101%)
- **Forgiveness date:** 01/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $770K
- **Rent:** $51K
- **Utilities:** $9K
- **Debt interest:** $26K
- **Jobs reported:** 92
## Lender
- **Originating:** Coastal States Bank
- **Servicing:** Coastal States Bank (SC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*