# PPP loan: SPEAR POWER SYSTEMS, INC.
> **$817K** approved 04/06/2020 · Paid in Full · Loan `6263857001`
## Borrower
- **Name:** SPEAR POWER SYSTEMS, INC.
- **Address:** 4020 E. 138th Street, GRANDVIEW, MO, 64030-2838
- **NAICS:** 335999
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $817K
- **Initial approval:** $817K
- **Forgiven:** $825K (101%)
- **Forgiveness date:** 03/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $817K
- **Jobs reported:** 68
## Lender
- **Originating:** UMB Bank, National Association
- **Servicing:** UMB Bank, National Association (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*