# PPP loan: SPARKPLUG STUDIOS LLC
> **$364K** approved 04/12/2020 · Exemption 4 · Loan `3947747109`
## Borrower
- **Name:** SPARKPLUG STUDIOS LLC
- **Address:** 5704 SOUTHWEST FWY, HOUSTON, TX, 77057-7508
- **NAICS:** 423430
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $364K
- **Initial approval:** $364K
- **Forgiven:** $8K (2%)
- **Forgiveness date:** 04/08/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $273K
- **Mortgage interest:** $45K
- **Utilities:** $45K
- **Jobs reported:** 23
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*