# PPP loan: PARLEE CYCLES, INC.
> **$224K** approved 04/06/2020 · Paid in Full · Loan `5637447008`
## Borrower
- **Name:** PARLEE CYCLES, INC.
- **Address:** 69 FEDERAL ST, BEVERLY, MA, 01915-5708
- **NAICS:** 336991
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $224K
- **Initial approval:** $224K
- **Forgiven:** $225K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $224K
- **Jobs reported:** 20
## Lender
- **Originating:** BankGloucester
- **Servicing:** BankGloucester (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*