# PPP loan: SPIN PRODUCTS, INC.
> **$500K** approved 05/01/2020 · Paid in Full · Loan `2903807706`
## Borrower
- **Name:** SPIN PRODUCTS, INC.
- **Address:** 13878 Yorba Ave, Chino, CA, 91710
- **NAICS:** 326199
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $500K
- **Initial approval:** $500K
- **Forgiven:** $503K (101%)
- **Forgiveness date:** 12/08/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $421K
- **Rent:** $46K
- **Utilities:** $21K
- **Health care:** $12K
- **Jobs reported:** 48
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*