# PPP loan: SPARTACRAFT INC.
> **$514K** approved 04/11/2020 · Paid in Full · Loan `2945587100`
## Borrower
- **Name:** SPARTACRAFT INC.
- **Address:** 7690 SPARTA CRAFT DR, CONNELLY SPRINGS, NC, 28612-7221
- **NAICS:** 321999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $514K
- **Initial approval:** $514K
- **Forgiven:** $519K (101%)
- **Forgiveness date:** 03/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $450K
- **Rent:** $12K
- **Mortgage interest:** $6K
- **Utilities:** $20K
- **Health care:** $20K
- **Debt interest:** $6K
- **Jobs reported:** 29
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*