# PPP loan: SPADER FREIGHT CARRIERS INC. & SPADER FREIGHT SERVICES INC.
> **$1.43M** approved 04/05/2020 · Paid in Full · Loan `5373497007`
## Borrower
- **Name:** SPADER FREIGHT CARRIERS INC. & SPADER FREIGHT SERVICES INC.
- **Address:** 1134 East McPherson Hwy PO BOX 246, CLYDE, OH, 43410-0246
- **NAICS:** 484220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.43M
- **Initial approval:** $1.43M
- **Forgiven:** $1.44M (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.15M
- **Rent:** $94K
- **Utilities:** $94K
- **Health care:** $94K
- **Jobs reported:** 107
## Lender
- **Originating:** The Old Fort Banking Company
- **Servicing:** The Old Fort Banking Company (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*