# PPP loan: SPENCER DISTRIBUTING, LP
> **$363K** approved 04/15/2020 · Paid in Full · Loan `1899787203`
## Borrower
- **Name:** SPENCER DISTRIBUTING, LP
- **Address:** 2210 N STATE HIGHWAY 155, PALESTINE, TX, 75803-8703
- **NAICS:** 484230
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $363K
- **Initial approval:** $363K
- **Forgiven:** $366K (101%)
- **Forgiveness date:** 02/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $363K
- **Jobs reported:** 57
## Lender
- **Originating:** VeraBank, National Association
- **Servicing:** VeraBank, National Association (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*