# PPP loan: BREWER CYCLES INC
> **$345K** approved 04/13/2020 · Paid in Full · Loan `4647587101`
## Borrower
- **Name:** BREWER CYCLES INC
- **Address:** 420 Warrenton Rd, HENDERSON, NC, 27537-8269
- **NAICS:** 441221
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $345K
- **Initial approval:** $345K
- **Forgiven:** $347K (101%)
- **Forgiveness date:** 01/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $259K
- **Mortgage interest:** $43K
- **Debt interest:** $43K
- **Jobs reported:** 33
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*