PPP Loan information for Bright cycle inc

$253,100

Bright cycle inc was initially approved for PPP Loan of amount $253,100, the current approved amount is $253,100. The loan was approved on 04/15/2020 by The Summit Community Bank, Inc. reported 25 jobs and $253,100 was used to fund payroll.

Bright cycle inc is Existing or more than 2 years old

PPP Loan Search / WV / PETERSBURG / Bright cycle inc

BRIGHT CYCLE INC

Date Approved

04/15/2020

SBA Office Code

0390

Processing Method

PPP

Borrower Name

BRIGHT CYCLE INC

Borrower Address

135 S MAIN ST

Borrower City

PETERSBURG

Borrower State

WV

Borrower Zip

26847-1783

Loan Status Date

03/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

253100.00

Current Approval Amount

253100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

119785

Servicing Lender Name

Summit Community Bank, Inc.

Servicing Lender Address

310 N Main St

Servicing Lender City

MOOREFIELD

Servicing Lender State

WV

Servicing Lender Zip

26836-1055

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

PETERSBURG

Project County Name

GRANT

Project State

WV

Project Zip

26847-1783

CD

WV-02

Jobs Reported

25

NAICS Code

441228

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

10100.00

Payroll Proceed

202000.00

Mortgage Interest Proceed

41000.00

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

119785

Originating Lender

Summit Community Bank, Inc.

Originating Lender City

MOOREFIELD

Originating Lender State

WV

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

255258.38

Forgiveness Date

02/26/2021

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