PPP Loan information for Race proven motorsports, inc

$70,850

Race proven motorsports, inc was initially approved for PPP Loan of amount $70,850, the current approved amount is $70,850. The loan was approved on 04/28/2020 by The Summit Community Bank, Inc. reported 5 jobs and $70,850 was used to fund payroll.

Race proven motorsports, inc is Existing or more than 2 years old

PPP Loan Search / DE / NEW CASTLE / Race proven motorsports, inc

RACE PROVEN MOTORSPORTS, INC

Date Approved

04/28/2020

SBA Office Code

0341

Processing Method

PPP

Borrower Name

RACE PROVEN MOTORSPORTS, INC

Borrower Address

19 LUKENS DR

Borrower City

NEW CASTLE

Borrower State

DE

Borrower Zip

19720-2787

Loan Status Date

11/18/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

70850.00

Current Approval Amount

70850.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

119785

Servicing Lender Name

Summit Community Bank, Inc.

Servicing Lender Address

310 N Main St

Servicing Lender City

MOOREFIELD

Servicing Lender State

WV

Servicing Lender Zip

26836-1055

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

NEW CASTLE

Project County Name

NEW CASTLE

Project State

DE

Project Zip

19720-2787

CD

DE-

Jobs Reported

5

NAICS Code

711212

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

70850.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

119785

Originating Lender

Summit Community Bank, Inc.

Originating Lender City

MOOREFIELD

Originating Lender State

WV

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

71133.40

Forgiveness Date

10/13/2020

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