# PPP loan: SPAULDING COMPOSITES INC.
> **$1.73M** approved 02/01/2021 · Paid in Full · Loan `1251088405`
## Borrower
- **Name:** SPAULDING COMPOSITES INC.
- **Address:** 55 Nadeau Dr, Rochester, NH, 03867-4637
- **NAICS:** 326130
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.73M
- **Initial approval:** $1.73M
- **Forgiven:** $1.74M (101%)
- **Forgiveness date:** 11/17/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.73M
- **Utilities:** $1
- **Jobs reported:** 143
## Lender
- **Originating:** Northeast Bank
- **Servicing:** Loan Source Incorporated (NY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*