# PPP loan: SPECTRUM TECHNOLOGIES INC
> **$617K** approved 04/12/2020 · Paid in Full · Loan `4103897102`
## Borrower
- **Name:** SPECTRUM TECHNOLOGIES INC
- **Address:** 3600 THAYER CT, AURORA, IL, 60504-6182
- **NAICS:** 423830
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $617K
- **Initial approval:** $617K
- **Forgiven:** $622K (101%)
- **Forgiveness date:** 01/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $617K
- **Jobs reported:** 33
## Lender
- **Originating:** PNC Bank, National Association
- **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*