BARELY LEGAL BIKES INC. (SD) - 2020 PPP Loan Borrower Profile (# 5681307205)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BARELY LEGAL BIKES 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 South Dakota.

Loan Detail

Loan Number

5681307205

SBA Office Code

0876

Processing Method

PPP

Curent Loan Amount

$8,600

Date Loan was Approved

Apr 27, 2020

Amount Forgiven

$8,652.54

Date Loan was Forgiven

Dec 16, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

537.5

Payroll Proced

6,450

Mortgage Interest Proceed

537.5

Rent Proceed

537.5

Debt Interest Proceed

537.5

Lender

First Dakota National Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

811118

Borrower Location

SIOUX FALLS, SD

Project Location

SIOUX FALLS, SD

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.