# PPP loan: CYCLE POWER INC.
> **$250K** approved 04/28/2020 · Paid in Full · Loan `1243377304`
## Borrower
- **Name:** CYCLE POWER INC.
- **Address:** 164-01 CROSS BAY BLVD, HOWARD BEACH, NY, 11414
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $250K
- **Initial approval:** $250K
- **Forgiven:** $252K (101%)
- **Forgiveness date:** 12/31/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $250K
- **Jobs reported:** 37
## Lender
- **Originating:** Signature Bank
- **Servicing:** Signature Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*