# PPP loan: CORRAL OF SPARTANS INC.
> **$261K** approved 02/12/2021 · Charged Off · Loan `7474318407`
## Borrower
- **Name:** CORRAL OF SPARTANS INC.
- **Address:** 730 Elmwood Rd, Lansing, MI, 48917-2072
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $261K
- **Initial approval:** $261K
- **Forgiven:** $110K (42%)
- **Forgiveness date:** 03/24/2022
- **Status:** Charged Off
- **Term:** 83 months
## Use of funds
- **Payroll:** $261K
- **Utilities:** $1
- **Jobs reported:** 28
## Lender
- **Originating:** American Lending Center
- **Servicing:** American Lending Center (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*