# PPP loan: SPS CORPORATION
> **$1.39M** approved 04/09/2020 · Paid in Full · Loan `1148907103`
## Borrower
- **Name:** SPS CORPORATION
- **Address:** 1100 Perry Rd, APEX, NC, 27502-7737
- **NAICS:** 238150
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.39M
- **Initial approval:** $1.48M
- **Forgiven:** $1.40M (101%)
- **Forgiveness date:** 12/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.39M
- **Jobs reported:** 89
## Lender
- **Originating:** TowneBank
- **Servicing:** TowneBank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*