# PPP loan: BIKE RACK BREWING CO., INC
> **$152K** approved 04/04/2020 · Paid in Full · Loan `4942637008`
## Borrower
- **Name:** BIKE RACK BREWING CO., INC
- **Address:** 801 SE 8th Street Suite 61, BENTONVILLE, AR, 72712-6409
- **NAICS:** 312120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $152K
- **Initial approval:** $152K
- **Forgiven:** $153K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $114K
- **Rent:** $10K
- **Mortgage interest:** $28K
- **Jobs reported:** 32
## Lender
- **Originating:** The First National Bank of Fort Smith
- **Servicing:** The First National Bank of Fort Smith (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*