# PPP loan: CYCLE CITY INC.
> **$172K** approved 04/04/2020 · Paid in Full · Loan `4731257001`
## Borrower
- **Name:** CYCLE CITY INC.
- **Address:** 6751 COUNTY 426 M.5 RD, ESCANABA, MI, 49829-9567
- **NAICS:** 441228
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $172K
- **Initial approval:** $172K
- **Forgiven:** $173K (101%)
- **Forgiveness date:** 02/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $172K
- **Jobs reported:** 21
## Lender
- **Originating:** Baybank
- **Servicing:** Baybank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*