# PPP loan: SPENCE TECHNOLOGIES INC.
> **$240K** approved 04/27/2020 · Paid in Full · Loan `6011077203`
## Borrower
- **Name:** SPENCE TECHNOLOGIES INC.
- **Address:** 4752 Topps Industrial Parkway, Willoughby, OH, 44094-4636
- **NAICS:** 333249
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $240K
- **Initial approval:** $240K
- **Forgiven:** $243K (101%)
- **Forgiveness date:** 07/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $240K
- **Jobs reported:** 22
## Lender
- **Originating:** CFBank National Association
- **Servicing:** CFBank National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*