# PPP loan: ERIK'S BIKE SHOP, INC
> **$1.96M** approved 04/13/2020 · Paid in Full · Loan `5690897100`
## Borrower
- **Name:** ERIK'S BIKE SHOP, INC
- **Address:** 9201 Penn Ave South Suite 1, Bloomington, MN, 55431-2318
- **NAICS:** 451110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.96M
- **Initial approval:** $1.96M
- **Forgiven:** $1.97M (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.96M
- **Jobs reported:** 397
## Lender
- **Originating:** Bremer Bank, National Association
- **Servicing:** Bremer Bank, National Association (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*