# PPP loan: SPENCER THEATER FOR THE PERFORMING ARTS, INC.
> **$180K** approved 04/14/2020 · Paid in Full · Loan `6365687108`
## Borrower
- **Name:** SPENCER THEATER FOR THE PERFORMING ARTS, INC.
- **Address:** 108 SPENCER RD, ALTO, NM, 88312-9559
- **NAICS:** 711310
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $180K
- **Initial approval:** $180K
- **Forgiven:** $181K (101%)
- **Forgiveness date:** 11/20/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $162K
- **Utilities:** $18K
- **Jobs reported:** 34
## Lender
- **Originating:** First National Bank
- **Servicing:** First National Bank (NM)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*