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 04/09/2020 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

04/09/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

WORLD RACING GROUP, INC.

Borrower Address

7575 WESTWINDS BLVD STE D

Borrower City

CONCORD

Borrower State

NC

Borrower Zip

28027-3329

Loan Status Date

03/25/2021

Loan Status

Paid in Full

Term

24

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

8560.00

Payroll Proceed

770400.00

Mortgage Interest Proceed

0.00

Rent Proceed

51360.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

25680

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

862324.89

Forgiveness Date

01/11/2021

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