# PPP loan: SPA 23 AND RACQUETBALL, INC.
> **$487K** approved 04/16/2020 · Paid in Full · Loan `2615377202`
## Borrower
- **Name:** SPA 23 AND RACQUETBALL, INC.
- **Address:** 381 NJ-23, POMPTON PLAINS, NJ, 07444
- **NAICS:** 713940
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $487K
- **Initial approval:** $487K
- **Forgiven:** $429K (88%)
- **Forgiveness date:** 10/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $487K
- **Jobs reported:** 105
## Lender
- **Originating:** First Bank of the Lake
- **Servicing:** First Bank of the Lake (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*