# PPP loan: SPEARMAN FEEDERS, LTD
> **$400K** approved 04/03/2020 · Paid in Full · Loan `4486467000`
## Borrower
- **Name:** SPEARMAN FEEDERS, LTD
- **Address:** 10625 County Road S, SPEARMAN, TX, 79081-0339
- **NAICS:** 424520
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $400K
- **Initial approval:** $400K
- **Forgiven:** $402K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $300K
- **Mortgage interest:** $100K
- **Jobs reported:** 38
## Lender
- **Originating:** InterBank
- **Servicing:** InterBank (OK)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*