# PPP loan: TRANSITION BIKES
> **$249K** approved 04/04/2020 · Paid in Full · Loan `4602097005`
## Borrower
- **Name:** TRANSITION BIKES
- **Address:** 1600 Carolina Street, BELLINGHAM, WA, 98229-5440
- **NAICS:** 423910
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $249K
- **Initial approval:** $216K
- **Forgiven:** $251K (101%)
- **Forgiveness date:** 03/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $249K
- **Jobs reported:** 23
## Lender
- **Originating:** Peoples Bank
- **Servicing:** Peoples Bank (WA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*