# PPP loan: SPENCER HOME CENTER INC.
> **$237K** approved 04/06/2020 · Paid in Full · Loan `5631297010`
## Borrower
- **Name:** SPENCER HOME CENTER INC.
- **Address:** 1398 North Lee Highway, LEXINGTON, VA, 24450-3306
- **NAICS:** 444130
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $237K
- **Initial approval:** $237K
- **Forgiven:** $239K (101%)
- **Forgiveness date:** 05/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $237K
- **Jobs reported:** 24
## Lender
- **Originating:** Select Bank
- **Servicing:** Select Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*