541 MOTORSPORTS INC (OR) - 2020 PPP Loan Borrower Profile (# 5426277005)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 541 MOTORSPORTS INC. 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 Oregon.

Loan Detail

Loan Number

5426277005

SBA Office Code

1086

Processing Method

PPP

Curent Loan Amount

$73,400

Date Loan was Approved

Apr 5, 2020

Amount Forgiven

$74,097.3

Date Loan was Forgiven

Mar 24, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

4,400

Payroll Proced

59,000

Mortgage Interest Proceed

10,000

Lender

Peoples Bank of Commerce

Business Detail

Business Type

Subchapter S Corporation

NAICS

441310

Borrower Location

GRANTS PASS, OR

Project Location

GRANTS PASS, OR

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.