# PPP loan: RICHARDSON BIKE MART, INC.
> **$806K** approved 04/12/2020 · Paid in Full · Loan `3966147101`
## Borrower
- **Name:** RICHARDSON BIKE MART, INC.
- **Address:** 1451 West Cambell Road, RICHARDSON, TX, 75080
- **NAICS:** 451110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $806K
- **Initial approval:** $806K
- **Forgiven:** $814K (101%)
- **Forgiveness date:** 05/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $604K
- **Mortgage interest:** $201K
- **Jobs reported:** 107
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*