# PPP loan: SPBS, INC
> **$673K** approved 04/14/2020 · Paid in Full · Loan `7780167107`
## Borrower
- **Name:** SPBS, INC
- **Address:** 4431 Long Prairie Rd, STE 100, FLOWER MOUND, TX, 75028-1753
- **NAICS:** 334519
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $673K
- **Initial approval:** $673K
- **Forgiven:** $678K (101%)
- **Forgiveness date:** 02/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $505K
- **Rent:** $84K
- **Utilities:** $84K
- **Jobs reported:** 46
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*