# PPP loan: AMERICAN SPINCAST INC.
> **$598K** approved 03/16/2021 · Paid in Full · Loan `2923058601`
## Borrower
- **Name:** AMERICAN SPINCAST INC.
- **Address:** 2505 Taylors Valley Rd, Belton, TX, 76513-9622
- **NAICS:** 332999
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $598K
- **Initial approval:** $598K
- **Forgiven:** $601K (100%)
- **Forgiveness date:** 08/17/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $598K
- **Utilities:** $1
- **Jobs reported:** 60
## Lender
- **Originating:** VeraBank, National Association
- **Servicing:** VeraBank, National Association (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*