PPP loan amounts released; Here’s a list of NASCAR, Dirt Racing, Indycar and NHRA teams that took loans
New details have been released by the U.S. Small Business Administration regarding the Payroll Protection Program. On Tuesday, loan specific amounts were released.
A lawsuit was filed by various media companies seeking amount information which caused the release of the data. Previously, the the loan amounts were released in ranges ($150,000-$350,000; $350,000-$1 million; $1-$2 million; $2-$5 million; $5-$10 million), excluding specific amounts.
The program was designed to help business owners keep the doors open and employees on the payroll. A total of over 5 million loans were handed out through the program.
The loans are given with a 1% interest rate. If companies follow spending guidelines such as salaries, benefits mortage interest, rent and utilities then the loan is mostly forgivable.
As for NASCAR, Richard Childress Racing received the highest PPP loan at $6.3 million. See the lists below for NASCAR, Dirt Racing, Indycar, NHRA and more.
NASCAR
PPP Loans
Richard Childress Racing
$6.3 million
Chip Ganassi Racing
$3.96 million
Roush Fenway Racing
$3.5 million
Roush Yates Engines
$3.2 million
JTG Daugherty Racing
$1,660,172
JR Motorsports
$1.3 million
GMS Racing
$1,300,000
Kyle Busch Motorsports
$931,983
Richard Petty Motorsports
$747,079
Germain Racing
$613,400
Kaulig Racing
$363,500
Venturini Motorsports
$220,207
Bill Mcanally Racing
$204,200
Harrori Racing Enterprises
$191,100
Rev Racing
$182,000
Niece Motorsports
$142,452
Rick Ware Racing
$142,158
Gaunt Brothers Racing
$107,000
Robert Yates Racing Inc
$84,375
Robert Yates Racing Engines
$77,135
Joey Logano Racing
$76,168
Jordan Anderson Racing
$73,750
Team Dillon Racing
$56,200
Scott Lagasse Racing
$55,900
Reaume Brothers Racing
$45,000
Tyler Reddick Racing
$33,438
Regan Smith Racing
$33,252
Dirt Racing
PPP Loans
World Racing Group
$856,000
Mark Richards Racing
$232,149
Eldora Speedway
$126,500
Pro Power Racing
$116,055
Best Performance Inc
$112,706
Kasey Kahne Racing
$112,224
Kyle Larson Racing
$111,600
Clint Bowyer Racing
$109,300
Stuckey Enterprises
$88,300
Tony Stewart Racing
$85,400
GRT Race Cars
$77,400
Jimmy Mars Racing
$73,750
Barry Wright Race Cars
$64,727
Durham Racing Engines
$51,245
Stenhouse Jr Marshall Racing
$43,443
Rudeen Racing
$37,000
Aaron Reutzel Racing
$31,002
Ken Schrader Racing
$51,258
All the Dirt Racing News
$28,500
Clauson Marshall Racing
$27,500
Bob Cullen Racing
$24,600
Tony Stewart Racing Inc
$24,400
Kenny Wallace Racing Inc
$24,050
Lethal Chassis
$22,301
Tye Twarog Racing
$20,632
MasterSbilt Chassis
$18,000
Bob Pierce Race Cars
$8,507
Impressive Race Cars
$8,000
Other Motorsports
PPP Loans
Don Schumacher Racing
$1,250,700
C&R Racing
$1,175,500
Rahal Letterman Lanigan Racing
$898,800
Ed Carpenter Racing
$716,462
Dale Coyne Racing
$350,258
Wayne Taylor Racing
$322,000
Meyer Shank Racing
$321,700
Motor Racing Outreach
$158,100
Josef Newgarden Racing
$117,500
Juncos Racing
$83,600
Kanaan Racing
$82,357
Margay Chassis
$59,500
James Hincliffe Racing
$28,900
Note: This list is not a complete list of the industry.
Links
NASCAR | World of Outlaws | Lucas Oil Late Model Dirt Series | Indycar | IMSA | NHRA
