# PPP loan: ABLE AUTO & CYCLE INSURANCE AGENCY, INC.
> **$201K** approved 04/15/2020 · Paid in Full · Loan `8030207101`
## Borrower
- **Name:** ABLE AUTO & CYCLE INSURANCE AGENCY, INC.
- **Address:** 4008 Oleander Dr, Wilmington, NC, 28403
- **NAICS:** 524210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $201K
- **Initial approval:** $201K
- **Forgiven:** $203K (101%)
- **Forgiveness date:** 03/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $201K
- **Jobs reported:** 28
## Lender
- **Originating:** Live Oak Banking Company
- **Servicing:** Live Oak Banking Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*