# PPP loan: SPYCE FOOD CO.
> **$632K** approved 04/14/2020 · Paid in Full · Loan `5802777105`
## Borrower
- **Name:** SPYCE FOOD CO.
- **Address:** 28 Dane Street, Somerville, MA, 02143
- **NAICS:** 722513
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $632K
- **Initial approval:** $632K
- **Forgiven:** $638K (101%)
- **Forgiveness date:** 03/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $489K
- **Mortgage interest:** $143K
- **Jobs reported:** 34
## Lender
- **Originating:** Silicon Valley Bridge Bank NA
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*