# PPP loan: PETES CYCLE CO INC
> **$678K** approved 04/08/2020 · Paid in Full · Loan `8020187006`
## Borrower
- **Name:** PETES CYCLE CO INC
- **Address:** 7511 BELAIR RD, NOTTINGHAM, MD, 21236-4102
- **NAICS:** 441228
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $678K
- **Initial approval:** $678K
- **Forgiven:** $687K (101%)
- **Forgiveness date:** 08/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $678K
- **Jobs reported:** 50
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*