# PPP loan: SPI GROUP
> **$428K** approved 04/06/2020 · Paid in Full · Loan `5941127000`
## Borrower
- **Name:** SPI GROUP
- **Address:** 2073 West Avenue 140th, SAN LEANDRO, CA, 94577-5623
- **NAICS:** 424510
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $428K
- **Initial approval:** $428K
- **Forgiven:** $433K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $343K
- **Rent:** $40K
- **Utilities:** $5K
- **Health care:** $40K
- **Jobs reported:** 15
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*