# PPP loan: RIDE INDOOR CYCLING
> **$413K** approved 04/27/2020 · Paid in Full · Loan `4934337208`
## Borrower
- **Name:** RIDE INDOOR CYCLING
- **Address:** 117 Lavaca Street, Austin, TX, 78701
- **NAICS:** 453998
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $413K
- **Initial approval:** $413K
- **Forgiven:** $248K (60%)
- **Forgiveness date:** 05/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $310K
- **Rent:** $41K
- **Utilities:** $21K
- **Health care:** $41K
- **Jobs reported:** 105
## Lender
- **Originating:** American Express National Bank
- **Servicing:** American Express National Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*