# PPP loan: SPRUCE INFOTECH, INC.
> **$739K** approved 04/27/2020 · Paid in Full · Loan `5488257201`
## Borrower
- **Name:** SPRUCE INFOTECH, INC.
- **Address:** 600 Eagleview Blvd, Suite 300, EXTON, PA, 19341
- **NAICS:** 541511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $739K
- **Initial approval:** $739K
- **Forgiven:** $746K (101%)
- **Forgiveness date:** 04/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $739K
- **Jobs reported:** 42
## Lender
- **Originating:** Customers Bank
- **Servicing:** Customers Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*