# PPP loan: K&W CYCLE
> **$234K** approved 01/25/2021 · Paid in Full · Loan `5203048310`
## Borrower
- **Name:** K&W CYCLE
- **Address:** 4090 Auburn Rd, Shelby Township, MI, 48317-4000
- **NAICS:** 441228
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $234K
- **Initial approval:** $234K
- **Forgiven:** $236K (101%)
- **Forgiveness date:** 01/19/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $234K
- **Utilities:** $1
- **Jobs reported:** 20
## Lender
- **Originating:** First Merchants Bank
- **Servicing:** First Merchants Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*