# PPP loan: SPENCER RECOVERY CENTERS, INC.
> **$586K** approved 04/27/2020 · Paid in Full · Loan `4692307206`
## Borrower
- **Name:** SPENCER RECOVERY CENTERS, INC.
- **Address:** 1316 S COAST HWY, LAGUNA BEACH, CA, 92651-3118
- **NAICS:** 621420
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $586K
- **Initial approval:** $587K
- **Forgiven:** $594K (101%)
- **Forgiveness date:** 09/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $586K
- **Jobs reported:** 70
## Lender
- **Originating:** Citizens Business Bank
- **Servicing:** Citizens Business Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*