# PPP loan: SPINELLIS FUNCTION FACILITY INC
> **$448K** approved 03/01/2021 · Paid in Full · Loan `5532888501`
## Borrower
- **Name:** SPINELLIS FUNCTION FACILITY INC
- **Address:** 10 Newbury St, Peabody, MA, 01960-3805
- **NAICS:** 722320
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $448K
- **Initial approval:** $448K
- **Forgiven:** $453K (101%)
- **Forgiveness date:** 03/23/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $448K
- **Utilities:** $1
- **Jobs reported:** 60
## Lender
- **Originating:** Citizens Bank, National Association
- **Servicing:** Citizens Bank, National Association (RI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*