PPP Loan information for Power cycles inc

$516,618

Power cycles inc was initially approved for PPP Loan of amount $516,618, the current approved amount is $516,618. The loan was approved on 05/05/2021 by The Cross River Bank reported 28 jobs and $516,618 was used to fund payroll.

Power cycles inc is Existing or more than 2 years old

PPP Loan Search / FL / Miami / Power cycles inc

POWER CYCLES INC

Date Approved

05/05/2021

SBA Office Code

0455

Processing Method

PPP

Borrower Name

POWER CYCLES INC

Borrower Address

4300 NW 72nd Ave

Borrower City

Miami

Borrower State

FL

Borrower Zip

33166-5602

Loan Status Date

05/19/2021

Loan Status

Charged Off

Term

36

SBA Guaranty Percentage

100

Initial Approval Amount

516618.00

Current Approval Amount

516618.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

456756

Servicing Lender Name

Cross River Bank

Servicing Lender Address

885 Teaneck Rd

Servicing Lender City

TEANECK

Servicing Lender State

NJ

Servicing Lender Zip

07666-4546

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Miami

Project County Name

MIAMI-DADE

Project State

FL

Project Zip

33166-5602

CD

FL-26

Jobs Reported

28

NAICS Code

441228

Race

Unanswered

Ethnicity

Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

516615.00

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

Corporation

Originating Lender Location Id

456756

Originating Lender

Cross River Bank

Originating Lender City

TEANECK

Originating Lender State

NJ

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

94466.86

Forgiveness Date

11/23/2022

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