# PPP loan: SIMI VALLEY CYCLES, INC.
> **$160K** approved 06/05/2020 · Paid in Full · Loan `8538997802`
## Borrower
- **Name:** SIMI VALLEY CYCLES, INC.
- **Address:** 2902 LOS AVE E, SIMI VALLEY, CA, 93065
- **NAICS:** 441228
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $160K
- **Initial approval:** $160K
- **Forgiven:** $161K (101%)
- **Forgiveness date:** 12/14/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $160K
- **Jobs reported:** 24
## Lender
- **Originating:** U.S. Bank, National Association
- **Servicing:** U.S. Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*