# PPP loan: SPM DEVELOPMENT INC
> **$275K** approved 04/04/2020 · Paid in Full · Loan `4624087003`
## Borrower
- **Name:** SPM DEVELOPMENT INC
- **Address:** 304 E State Rd 68, HAUBSTADT, IN, 47639
- **NAICS:** 236118
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $275K
- **Initial approval:** $275K
- **Forgiven:** $277K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $220K
- **Rent:** $14K
- **Mortgage interest:** $14K
- **Utilities:** $28K
- **Jobs reported:** 23
## Lender
- **Originating:** Liberty Federal Credit Union
- **Servicing:** Liberty Federal Credit Union (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*