# PPP loan: SPECTRUM LIGHTING INC. AUSTIN
> **$485K** approved 04/13/2020 · Paid in Full · Loan `5040227107`
## Borrower
- **Name:** SPECTRUM LIGHTING INC. AUSTIN
- **Address:** 8868 RESEARCH BLVD SUITE 104, AUSTIN, TX, 78758-5968
- **NAICS:** 541490
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $485K
- **Initial approval:** $485K
- **Forgiven:** $489K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $485K
- **Jobs reported:** 29
## Lender
- **Originating:** First United Bank and Trust Company
- **Servicing:** First United Bank and Trust Company (OK)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*