Bright Cycle INC

$253,100 PPP Loan in Petersburg, West Virginia

Loan Details

Loan Number
1196687201
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$253,100
Current Approval
$253,100
Forgiveness Amount
$255,258
Forgiveness Date
Feb 26, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Bright Cycle INC
Address
135 S Main St
ZIP Code
26847-1783
Business Type
Corporation
Industry (NAICS)
Retail Trade (441228)
Business Age
Existing or more than 2 years old
Jobs Reported
25
Estimated Revenue
$6.5M
Rural/Urban
Rural
Congressional District
WV-02

Loan Use Breakdown

Payroll
$202,000
Utilities
$10,100
Mortgage Interest
$41,000

Lender Information

Servicing Lender
Burke & Herbert Bank & Trust Company
Originating Lender
Burke and Herbert Bank and Trust Company

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