PPP Loan information for Preston cycles, llc

$291,000

Preston cycles, llc was initially approved for PPP Loan of amount $291,000, the current approved amount is $291,000. The loan was approved on 08/08/2020 by The MBE Capital Partners reported 30 jobs and $291,000 was used to fund payroll.

Preston cycles, llc is Existing or more than 2 years old

PPP Loan Search / SC / ELGIN / Preston cycles, llc

PRESTON CYCLES, LLC

Date Approved

08/08/2020

SBA Office Code

0464

Processing Method

PPP

Borrower Name

PRESTON CYCLES, LLC

Borrower Address

190 PONTIAC BUSINESS CENTER DR

Borrower City

ELGIN

Borrower State

SC

Borrower Zip

29045-9171

Loan Status Date

09/20/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

291000.00

Current Approval Amount

291000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

529431

Servicing Lender Name

MBE Capital Partners

Servicing Lender Address

1 Bridge Plaza N. # 550

Servicing Lender City

Fort Lee

Servicing Lender State

NJ

Servicing Lender Zip

07024

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ELGIN

Project County Name

RICHLAND

Project State

SC

Project Zip

29045-9171

CD

SC-02

Jobs Reported

30

NAICS Code

441228

Race

Black or African American

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

291000.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

529431

Originating Lender

MBE Capital Partners

Originating Lender City

Fort Lee

Originating Lender State

NJ

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

296900.83

Forgiveness Date

08/29/2022

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