# PPP loan: SPECTRUM MECHANICAL INC
> **$567K** approved 04/01/2021 · Paid in Full · Loan `4262068703`
## Borrower
- **Name:** SPECTRUM MECHANICAL INC
- **Address:** 9760 Research Dr Unit Dd, Irvine, CA, 92618-4327
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $567K
- **Initial approval:** $567K
- **Forgiven:** $572K (101%)
- **Forgiveness date:** 03/16/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $567K
- **Utilities:** $1
- **Jobs reported:** 31
## Lender
- **Originating:** Farmers & Merchants Bank of Long Beach
- **Servicing:** Farmers & Merchants Bank of Long Beach (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*