# PPP loan: SPM INDUSTRIES INC
> **$365K** approved 04/12/2020 · Paid in Full · Loan `3866537103`
## Borrower
- **Name:** SPM INDUSTRIES INC
- **Address:** 2455 E Ten Mile Road, Warren, MI, 48091-3704
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $365K
- **Initial approval:** $365K
- **Forgiven:** $368K (101%)
- **Forgiveness date:** 02/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $365K
- **Jobs reported:** 42
## Lender
- **Originating:** First State Bank
- **Servicing:** First State Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*