# PPP loan: KING CYCLE GROUP INC.
> **$718K** approved 04/10/2020 · Paid in Full · Loan `2116267101`
## Borrower
- **Name:** KING CYCLE GROUP INC.
- **Address:** 2801 NW Nela Street, PORTLAND, OR, 97210-1715
- **NAICS:** 336991
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $718K
- **Initial approval:** $718K
- **Forgiven:** $726K (101%)
- **Forgiveness date:** 06/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $718K
- **Jobs reported:** 70
## Lender
- **Originating:** Northeast Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*