# PPP loan: SPECTRUM MACHINE INC
> **$546K** approved 05/07/2020 · Paid in Full · Loan `3515807404`
## Borrower
- **Name:** SPECTRUM MACHINE INC
- **Address:** 1668 Frost Rd, Streetsboro, OH, 44241-5006
- **NAICS:** 332710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $546K
- **Initial approval:** $546K
- **Forgiven:** $550K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $546K
- **Jobs reported:** 52
## Lender
- **Originating:** Premier Bank
- **Servicing:** Premier Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*