# PPP loan: G. JOANNOU CYCLE CO., INC.
> **$497K** approved 04/27/2020 · Paid in Full · Loan `3984447210`
## Borrower
- **Name:** G. JOANNOU CYCLE CO., INC.
- **Address:** 151 Ludlow Avenue, Northvale, NJ, 07647
- **NAICS:** 423910
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $497K
- **Initial approval:** $497K
- **Forgiven:** $500K (101%)
- **Forgiveness date:** 11/12/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $476K
- **Health care:** $21K
- **Jobs reported:** 36
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*