# PPP loan: SPECTRUM LASER & TECHNOLOGIES, INC.
> **$357K** approved 04/14/2020 · Paid in Full · Loan `6824927108`
## Borrower
- **Name:** SPECTRUM LASER & TECHNOLOGIES, INC.
- **Address:** 3855 INTERPARK DR, COLORADO SPRINGS, CO, 80907-5056
- **NAICS:** 334220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $357K
- **Initial approval:** $357K
- **Forgiven:** $360K (101%)
- **Forgiveness date:** 03/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $287K
- **Rent:** $40K
- **Utilities:** $5K
- **Health care:** $25K
- **Jobs reported:** 33
## Lender
- **Originating:** Adams Bank & Trust
- **Servicing:** Adams Bank & Trust (NE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*