# PPP loan: SPRINGFIELD LUMBER PROD. INC
> **$299K** approved 04/04/2020 · Paid in Full · Loan `5010667000`
## Borrower
- **Name:** SPRINGFIELD LUMBER PROD. INC
- **Address:** 265 Industrial Way Rd., MYRTLE CREEK, OR, 97457-8713
- **NAICS:** 321912
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $299K
- **Initial approval:** $299K
- **Forgiven:** $273K (91%)
- **Forgiveness date:** 11/10/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $235K
- **Rent:** $20K
- **Utilities:** $4K
- **Debt interest:** $40K
- **Jobs reported:** 40
## Lender
- **Originating:** Oregon Pacific Banking Company dba Oregon Pacific Bank
- **Servicing:** Oregon Pacific Banking Company dba Oregon Pacific Bank (OR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*