BRIGHT CYCLE INC (WV) - 2020 PPP Loan Borrower Profile (# 1196687201)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BRIGHT CYCLE 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 West Virginia.

Loan Detail

Loan Number

1196687201

SBA Office Code

0390

Processing Method

PPP

Curent Loan Amount

$253,100

Date Loan was Approved

Apr 15, 2020

Amount Forgiven

$255,258.38

Date Loan was Forgiven

Feb 26, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

10,100

Payroll Proced

202,000

Mortgage Interest Proceed

41,000

Lender

Burke and Herbert Bank and Trust Company

Business Detail

Business Type

Corporation

NAICS

441228

Borrower Location

PETERSBURG, WV

Project Location

PETERSBURG, WV

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.