# PPP loan: T. L. SPRAGUE & COMPANY, A CALIFORNIA CORPORATION
> **$540K** approved 04/14/2020 · Paid in Full · Loan `7871067107`
## Borrower
- **Name:** T. L. SPRAGUE & COMPANY, A CALIFORNIA CORPORATION
- **Address:** 195 Aviation Way, Suite 201, WATSONVILLE, CA, 95076
- **NAICS:** 323111
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $540K
- **Initial approval:** $875K
- **Forgiven:** $544K (101%)
- **Forgiveness date:** 03/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $405K
- **Rent:** $67K
- **Utilities:** $67K
- **Jobs reported:** 34
## Lender
- **Originating:** Santa Cruz County Bank
- **Servicing:** Santa Cruz County Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*