# PPP loan: SPECTRUM COMM INC
> **$1.99M** approved 06/15/2020 · Paid in Full · Loan `5260517908`
## Borrower
- **Name:** SPECTRUM COMM INC
- **Address:** 1 Bayport Way, Suite 300, NEWPORT NEWS, VA, 23606
- **NAICS:** 541512
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.99M
- **Initial approval:** $1.99M
- **Forgiven:** $2.01M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.99M
- **Jobs reported:** 131
## Lender
- **Originating:** Village Bank
- **Servicing:** Village Bank (VA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*