# PPP loan: FL CYCLES LLC.
> **$561K** approved 04/05/2020 · Paid in Full · Loan `5340977002`
## Borrower
- **Name:** FL CYCLES LLC.
- **Address:** 6385 PENSACOLA BLVD, PENSACOLA, FL, 32505-1901
- **NAICS:** 441228
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $561K
- **Initial approval:** $561K
- **Forgiven:** $566K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $460K
- **Rent:** $64K
- **Mortgage interest:** $28K
- **Utilities:** $9K
- **Jobs reported:** 58
## Lender
- **Originating:** Sabine State Bank & Trust Company
- **Servicing:** Sabine State Bank & Trust Company (LA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*