# PPP loan: SPANN ENTERPRISES, INC.
> **$1.25M** approved 04/05/2020 · Paid in Full · Loan `5457987009`
## Borrower
- **Name:** SPANN ENTERPRISES, INC.
- **Address:** 1110 BUCK ISLAND DR, GUNTERSVILLE, AL, 35976-8544
- **NAICS:** 722513
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.25M
- **Initial approval:** $1.25M
- **Forgiven:** $1.27M (101%)
- **Forgiveness date:** 05/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $940K
- **Rent:** $228K
- **Utilities:** $86K
- **Jobs reported:** 399
## Lender
- **Originating:** ServisFirst Bank
- **Servicing:** ServisFirst Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*