# PPP loan: SPRECTRUM PREFERRED MEATS, INC.
> **$506K** approved 04/14/2020 · Paid in Full · Loan `7286697107`
## Borrower
- **Name:** SPRECTRUM PREFERRED MEATS, INC.
- **Address:** 6194 PINES RD, MOUNT MORRIS, IL, 61054-9755
- **NAICS:** 311611
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $506K
- **Initial approval:** $506K
- **Forgiven:** $470K (93%)
- **Forgiveness date:** 11/10/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $506K
- **Jobs reported:** 34
## Lender
- **Originating:** Stillman BancCorp N.A.
- **Servicing:** Stillman BancCorp N.A. (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*