PPP Loan information for World racing group inc.

$856,000

World racing group inc. was initially approved for PPP Loan of amount $856,000, the current approved amount is $856,000. The loan was approved on 03/12/2021 by The Coastal States Bank reported 92 jobs and $856,000 was used to fund payroll.

World racing group inc. is Existing or more than 2 years old

PPP Loan Search / NC / Concord / World racing group inc.

WORLD RACING GROUP INC.

Date Approved

03/12/2021

SBA Office Code

0460

Processing Method

PPS

Borrower Name

WORLD RACING GROUP INC.

Borrower Address

7575 Westwinds Blvd NW Ste D

Borrower City

Concord

Borrower State

NC

Borrower Zip

28027-3329

Loan Status Date

10/20/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

856000.00

Current Approval Amount

856000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

382926

Servicing Lender Name

Coastal States Bank

Servicing Lender Address

5 Bow Circle

Servicing Lender City

HILTON HEAD ISLAND

Servicing Lender State

SC

Servicing Lender Zip

29928-7344

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Concord

Project County Name

CABARRUS

Project State

NC

Project Zip

28027-3329

CD

NC-12

Jobs Reported

92

NAICS Code

711212

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

855998.00

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

Corporation

Originating Lender Location Id

382926

Originating Lender

Coastal States Bank

Originating Lender City

HILTON HEAD ISLAND

Originating Lender State

SC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

860494.00

Forgiveness Date

09/24/2021

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