# PPP loan: SPROUL TIMBER SALVAGE INC
> **$363K** approved 04/27/2020 · Paid in Full · Loan `5212857203`
## Borrower
- **Name:** SPROUL TIMBER SALVAGE INC
- **Address:** 54602 Old Highway 42, MYRTLE POINT, OR, 97458-9600
- **NAICS:** 113110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $363K
- **Initial approval:** $363K
- **Forgiven:** $368K (101%)
- **Forgiveness date:** 10/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $363K
- **Jobs reported:** 36
## Lender
- **Originating:** Umpqua Bank
- **Servicing:** Umpqua Bank (OR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*