# PPP loan: SPECTRUM NETWORK
> **$262K** approved 05/22/2020 · Charged Off · Loan `2265877808`
## Borrower
- **Name:** SPECTRUM NETWORK
- **Address:** 12 Mystique, Newport Beach, CA, 92657
- **NAICS:** 621111
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $262K
- **Initial approval:** $393K
- **Forgiven:** $195K (74%)
- **Forgiveness date:** 10/26/2021
- **Status:** Charged Off
- **Term:** 3 months
## Use of funds
- **Payroll:** $262K
- **Jobs reported:** 14
## Lender
- **Originating:** Fund-Ex Solutions Group, LLC
- **Servicing:** Fund-Ex Solutions Group, LLC (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*