# PPP loan: SPENCER OIL COMPANY
> **$511K** approved 03/30/2021 · Paid in Full · Loan `2612378704`
## Borrower
- **Name:** SPENCER OIL COMPANY
- **Address:** 16410 Common Rd, Roseville, MI, 48066-5903
- **NAICS:** 424710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $511K
- **Initial approval:** $511K
- **Forgiven:** $515K (101%)
- **Forgiveness date:** 02/02/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $511K
- **Utilities:** $1
- **Jobs reported:** 44
## Lender
- **Originating:** Eastern Michigan Bank
- **Servicing:** Eastern Michigan Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*