# PPP loan: SCANDIC SPRINGS, INC.
> **$619K** approved 04/15/2020 · Paid in Full · Loan `1595087206`
## Borrower
- **Name:** SCANDIC SPRINGS, INC.
- **Address:** 700 Montague Ave, San Leandro, CA, 94577
- **NAICS:** 425120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $619K
- **Initial approval:** $633K
- **Forgiven:** $625K (101%)
- **Forgiveness date:** 04/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $619K
- **Jobs reported:** 40
## Lender
- **Originating:** Mechanics Bank
- **Servicing:** Mechanics Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*