# PPP loan: SPA 23 AND RACQUETBALL INC.
> **$405K** approved 03/23/2021 · Paid in Full · Loan `6996498603`
## Borrower
- **Name:** SPA 23 AND RACQUETBALL INC.
- **Address:** 381 NJ-23, Pompton Plains, NJ, 07444
- **NAICS:** 713940
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $405K
- **Initial approval:** $405K
- **Forgiven:** $409K (101%)
- **Forgiveness date:** 03/10/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $405K
- **Utilities:** $1
- **Jobs reported:** 112
## Lender
- **Originating:** First Bank of the Lake
- **Servicing:** First Bank of the Lake (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*