# PPP loan: SPATES FABRICATORS INC.
> **$2.35M** approved 04/27/2020 · Paid in Full · Loan `3532247208`
## Borrower
- **Name:** SPATES FABRICATORS INC.
- **Address:** 85435 MIDDLETON ST, THERMAL, CA, 92274
- **NAICS:** 321214
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $2.35M
- **Initial approval:** $2.35M
- **Forgiven:** $2.38M (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.35M
- **Jobs reported:** 168
## Lender
- **Originating:** Banc of California
- **Servicing:** Banc of California (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*