# PPP loan: WORKSMAN CYCLES COMPANY INC
> **$495K** approved 04/16/2020 · Paid in Full · Loan `3042997207`
## Borrower
- **Name:** WORKSMAN CYCLES COMPANY INC
- **Address:** 2449 Bulk Plant Rd, CONWAY, SC, 29526
- **NAICS:** 336991
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $495K
- **Initial approval:** $495K
- **Forgiven:** $503K (102%)
- **Forgiveness date:** 11/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $396K
- **Rent:** $65K
- **Utilities:** $34K
- **Jobs reported:** 55
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*