# PPP loan: NITRO CYCLERY INC
> **$202K** approved 06/26/2020 · Paid in Full · Loan `4599548003`
## Borrower
- **Name:** NITRO CYCLERY INC
- **Address:** 317 W BRYAN ST, SAVANNAH, GA, 31401-2426
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $202K
- **Initial approval:** $202K
- **Forgiven:** $204K (101%)
- **Forgiveness date:** 08/30/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $162K
- **Mortgage interest:** $20K
- **Utilities:** $20K
- **Jobs reported:** 41
## Lender
- **Originating:** Queensborough National Bank and Trust Company
- **Servicing:** Queensborough National Bank and Trust Company (GA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*