PPP Loan information for Cycle city corp.

$272,500

Cycle city corp. was initially approved for PPP Loan of amount $272,500, the current approved amount is $272,500. The loan was approved on 04/09/2020 by The TowneBank reported 19 jobs and $272,500 was used to fund payroll.

Cycle city corp. is Existing or more than 2 years old

PPP Loan Search / VA / NEWPORT NEWS / Cycle city corp.

CYCLE CITY CORP.

Date Approved

04/09/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

CYCLE CITY CORP.

Borrower Address

634 J. Clyde Morris Blvd

Borrower City

NEWPORT NEWS

Borrower State

VA

Borrower Zip

23601-1820

Loan Status Date

04/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

272500.00

Current Approval Amount

272500.00

Undisbursed Amount

0.00

Franchise Name

BRP US Inc. - Dealer Agreement & General Provisions

Servicing Lender Location Id

123548

Servicing Lender Name

TowneBank

Servicing Lender Address

5716 High St West

Servicing Lender City

PORTSMOUTH

Servicing Lender State

VA

Servicing Lender Zip

23703-4502

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

NEWPORT NEWS

Project County Name

NEWPORT NEWS CITY

Project State

VA

Project Zip

23601-1820

CD

VA-03

Jobs Reported

19

NAICS Code

441228

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

272500.00

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

Subchapter S Corporation

Originating Lender Location Id

123548

Originating Lender

TowneBank

Originating Lender City

PORTSMOUTH

Originating Lender State

VA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

275126.60

Forgiveness Date

03/31/2021

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