# PPP loan: SPARTACRAFT INC.
> **$348K** approved 02/08/2021 · Paid in Full · Loan `5398978404`
## Borrower
- **Name:** SPARTACRAFT INC.
- **Address:** 7690 Sparta Craft Dr, Connelly Springs, NC, 28612-7221
- **NAICS:** 321999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $348K
- **Initial approval:** $348K
- **Forgiven:** $350K (101%)
- **Forgiveness date:** 09/14/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $348K
- **Utilities:** $1
- **Jobs reported:** 42
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*