# PPP loan: MCDANIELS CYCLES, INC.
> **$162K** approved 04/30/2020 · Paid in Full · Loan `7567757304`
## Borrower
- **Name:** MCDANIELS CYCLES, INC.
- **Address:** 1910 Lincolnway East, SOUTH BEND, IN, 46613
- **NAICS:** 441228
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $162K
- **Initial approval:** $162K
- **Forgiven:** $163K (101%)
- **Forgiveness date:** 03/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $162K
- **Jobs reported:** 19
## Lender
- **Originating:** 1st Source Bank
- **Servicing:** 1st Source Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*