# PPP loan: SPAULDING MFG, INC.
> **$183K** approved 04/07/2020 · Paid in Full · Loan `6964067003`
## Borrower
- **Name:** SPAULDING MFG, INC.
- **Address:** 5366 EAST RD, SAGINAW, MI, 48601-9748
- **NAICS:** 333120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $183K
- **Initial approval:** $183K
- **Forgiven:** $186K (102%)
- **Forgiveness date:** 11/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $173K
- **Rent:** $2K
- **Utilities:** $8K
- **Jobs reported:** 24
## Lender
- **Originating:** 1st State Bank
- **Servicing:** 1st State Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*