# PPP loan: SPA CONCEPTS INCORPORATED
> **$660K** approved 04/05/2020 · Paid in Full · Loan `5195867007`
## Borrower
- **Name:** SPA CONCEPTS INCORPORATED
- **Address:** 1402 INMAN DR, HUNTSVILLE, AL, 35802-1212
- **NAICS:** 812199
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $660K
- **Initial approval:** $660K
- **Forgiven:** $666K (101%)
- **Forgiveness date:** 02/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $610K
- **Rent:** $33K
- **Mortgage interest:** $7K
- **Utilities:** $10K
- **Jobs reported:** 107
## Lender
- **Originating:** ServisFirst Bank
- **Servicing:** ServisFirst Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*