# PPP loan: SARIS CYCLING GROUP, INC.
> **$2.37M** approved 04/04/2020 · Paid in Full · Loan `4594847004`
## Borrower
- **Name:** SARIS CYCLING GROUP, INC.
- **Address:** 5253 VERONA RD, FITCHBURG, WI, 53711-4418
- **NAICS:** 336991
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.37M
- **Initial approval:** $2.37M
- **Forgiven:** $2.40M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.90M
- **Mortgage interest:** $236K
- **Utilities:** $237K
- **Jobs reported:** 186
## Lender
- **Originating:** Nicolet National Bank
- **Servicing:** Nicolet National Bank (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*