# PPP loan: RESPEC COMPANY LLC
> **$3.86M** approved 04/10/2020 · Paid in Full · Loan `1964227109`
## Borrower
- **Name:** RESPEC COMPANY LLC
- **Address:** 3824 JET DR, RAPID CITY, SD, 57703-4757
- **NAICS:** 541330
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $3.86M
- **Initial approval:** $3.86M
- **Forgiven:** $3.90M (101%)
- **Forgiveness date:** 05/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.51M
- **Rent:** $200K
- **Mortgage interest:** $120K
- **Utilities:** $30K
- **Jobs reported:** 300
## Lender
- **Originating:** Dacotah Bank
- **Servicing:** Dacotah Bank (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*