# PPP loan: SPECTRA WOOD, INC.
> **$1.06M** approved 04/07/2020 · Paid in Full · Loan `6581627008`
## Borrower
- **Name:** SPECTRA WOOD, INC.
- **Address:** 2625 CAROLEAN INDUSTRIAL DR, STATE COLLEGE, PA, 16801-7506
- **NAICS:** 321999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.06M
- **Initial approval:** $1.06M
- **Forgiven:** $1.07M (101%)
- **Forgiveness date:** 05/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.06M
- **Jobs reported:** 135
## Lender
- **Originating:** Kish Bank
- **Servicing:** Kish Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*