# PPP loan: SPRAY-RITE, INC.
> **$296K** approved 04/05/2020 · Paid in Full · Loan `5409917005`
## Borrower
- **Name:** SPRAY-RITE, INC.
- **Address:** 201 Durham Road, POCOLA, OK, 74902
- **NAICS:** 332813
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $296K
- **Initial approval:** $329K
- **Forgiven:** $299K (101%)
- **Forgiveness date:** 03/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $222K
- **Rent:** $37K
- **Mortgage interest:** $37K
- **Jobs reported:** 47
## Lender
- **Originating:** The First National Bank of Fort Smith
- **Servicing:** The First National Bank of Fort Smith (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*