# PPP loan: SPECTRUM HEALTHCARE GROUP, INC.
> **$1.97M** approved 04/13/2020 · Paid in Full · Loan `5692747105`
## Borrower
- **Name:** SPECTRUM HEALTHCARE GROUP, INC.
- **Address:** 8 E COTTONWOOD ST, COTTONWOOD, AZ, 86326-4382
- **NAICS:** 621111
- **Business type:** Professional Association
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.97M
- **Initial approval:** $1.97M
- **Forgiven:** $1.98M (101%)
- **Forgiveness date:** 04/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.47M
- **Rent:** $246K
- **Utilities:** $246K
- **Jobs reported:** 215
## Lender
- **Originating:** Sunwest Bank
- **Servicing:** Sunwest Bank (UT)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*