3GT RACING, LLC (MI) - 2020 PPP Loan Borrower Profile (# 5478977103)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 3GT RACING, LLC. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Michigan.

Loan Detail

Loan Number

5478977103

SBA Office Code

0515

Processing Method

PPP

Curent Loan Amount

$119,187.5

Date Loan was Approved

Apr 13, 2020

Amount Forgiven

$120,366.13

Date Loan was Forgiven

Apr 9, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

119,187.5

Lender

Lake Trust CU

Business Detail

Business Type

Subchapter S Corporation

NAICS

711219

Borrower Location

EAST LANSING, MI

Project Location

EAST LANSING, MI

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.