# PPP loan: PRESTON CYCLES, LLC
> **$355K** approved 02/16/2021 · Paid in Full · Loan `9282718403`
## Borrower
- **Name:** PRESTON CYCLES, LLC
- **Address:** 190 Pontiac Business Center Dr, Elgin, SC, 29045-9171
- **NAICS:** 441228
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $355K
- **Initial approval:** $355K
- **Forgiven:** $360K (102%)
- **Forgiveness date:** 09/06/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $355K
- **Utilities:** $1
- **Jobs reported:** 33
## Lender
- **Originating:** First Palmetto Bank
- **Servicing:** First Palmetto Bank (SC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*