# PPP loan: SPECTRAL EVOLUTION INC
> **$286K** approved 03/16/2021 · Paid in Full · Loan `3347898601`
## Borrower
- **Name:** SPECTRAL EVOLUTION INC
- **Address:** 26 Parkridge Rd Ste 104, Haverhill, MA, 01835-8514
- **NAICS:** 334516
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $286K
- **Initial approval:** $286K
- **Forgiven:** $288K (101%)
- **Forgiveness date:** 11/10/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $286K
- **Utilities:** $1
- **Jobs reported:** 14
## Lender
- **Originating:** Salem Five Cents Savings Bank
- **Servicing:** Salem Five Cents Savings Bank (MA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*