# PPP loan: SOUTHERN SPEAR IRONWORKS, LLC
> **$607K** approved 04/14/2020 · Paid in Full · Loan `7227657106`
## Borrower
- **Name:** SOUTHERN SPEAR IRONWORKS, LLC
- **Address:** 55 Workman Road, Chattanooga, TN, 37410-2079
- **NAICS:** 238120
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $607K
- **Initial approval:** $607K
- **Forgiven:** $610K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $553K
- **Rent:** $18K
- **Utilities:** $7K
- **Health care:** $17K
- **Debt interest:** $12K
- **Jobs reported:** 74
## Lender
- **Originating:** CapStar Bank, A Division of Old National Bank
- **Servicing:** Old National Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*