# PPP loan: BRIGHT CYCLE INC
> **$253K** approved 04/15/2020 · Paid in Full · Loan `1196687201`
## Borrower
- **Name:** BRIGHT CYCLE INC
- **Address:** 135 S MAIN ST, PETERSBURG, WV, 26847-1783
- **NAICS:** 441228
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $253K
- **Initial approval:** $253K
- **Forgiven:** $255K (101%)
- **Forgiveness date:** 02/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $202K
- **Mortgage interest:** $41K
- **Utilities:** $10K
- **Jobs reported:** 25
## Lender
- **Originating:** Burke and Herbert Bank and Trust Company
- **Servicing:** Burke & Herbert Bank & Trust Company (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*