# PPP loan: SPIKES MOTOR COMPANY, INC.
> **$1.39M** approved 04/07/2020 · Paid in Full · Loan `6791327010`
## Borrower
- **Name:** SPIKES MOTOR COMPANY, INC.
- **Address:** 805 E IH 2, MISSION, TX, 78572-6027
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.39M
- **Initial approval:** $1.39M
- **Forgiven:** $1.40M (101%)
- **Forgiveness date:** 01/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.01M
- **Rent:** $76K
- **Utilities:** $20K
- **Health care:** $85K
- **Debt interest:** $197K
- **Jobs reported:** 120
## Lender
- **Originating:** Vantage Bank Texas
- **Servicing:** Vantage Bank Texas (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*