# PPP loan: HEART OF DIXIE CYCLE INC.
> **$512K** approved 04/13/2020 · Paid in Full · Loan `4306417109`
## Borrower
- **Name:** HEART OF DIXIE CYCLE INC.
- **Address:** 333 Cahaba Valley Pkwy, PELHAM, AL, 35124-1125
- **NAICS:** 453998
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $512K
- **Initial approval:** $512K
- **Forgiven:** $517K (101%)
- **Forgiveness date:** 04/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $512K
- **Jobs reported:** 50
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*