# PPP loan: SPICER GROUP, INC.
> **$3.55M** approved 04/03/2020 · Paid in Full · Loan `4354957003`
## Borrower
- **Name:** SPICER GROUP, INC.
- **Address:** 230 S. Washington Avenue, SAGINAW, MI, 48607-1243
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.55M
- **Initial approval:** $3.55M
- **Forgiven:** $3.59M (101%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.17M
- **Rent:** $125K
- **Health care:** $250K
- **Jobs reported:** 194
## Lender
- **Originating:** 1st State Bank
- **Servicing:** 1st State Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*