BEACH ROSE BICYCLES INC (RI) - 2020 PPP Loan Borrower Profile (# 1358228508)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BEACH ROSE BICYCLES INC. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Rhode Island.

Loan Detail

Loan Number

1358228508

SBA Office Code

0165

Processing Method

PPS

Curent Loan Amount

$40,222.5

Date Loan was Approved

Feb 18, 2021

Amount Forgiven

$40,442.61

Date Loan was Forgiven

Sep 8, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

40,222.5

Lender

The Washington Trust Company of Westerly

Business Detail

Business Type

Subchapter S Corporation

NAICS

532284

Borrower Location

Block Island, RI

Project Location

Block Island, RI

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.