# PPP loan: SPEVCO INC.
> **$588K** approved 01/25/2021 · Paid in Full · Loan `5193098309`
## Borrower
- **Name:** SPEVCO INC.
- **Address:** 8118 Reynolda Rd, Pfafftown, NC, 27040-9661
- **NAICS:** 541890
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $588K
- **Initial approval:** $588K
- **Forgiven:** $594K (101%)
- **Forgiveness date:** 02/10/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $588K
- **Jobs reported:** 58
## Lender
- **Originating:** Allegacy FCU
- **Servicing:** Allegacy FCU (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*