# PPP loan: SPRADLIN BROS. WELDING
> **$175K** approved 04/08/2020 · Paid in Full · Loan `7808377005`
## Borrower
- **Name:** SPRADLIN BROS. WELDING
- **Address:** 2131 Quality Lane, SPRINGFIELD, OH, 45505-3625
- **NAICS:** 332313
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $175K
- **Initial approval:** $175K
- **Forgiven:** $176K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $140K
- **Rent:** $21K
- **Utilities:** $8K
- **Health care:** $6K
- **Jobs reported:** 15
## Lender
- **Originating:** The Park National Bank
- **Servicing:** The Park National Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*