# PPP loan: SPECTRONICS CORPORATION
> **$2.59M** approved 04/15/2020 · Exemption 4 · Loan `8253307104`
## Borrower
- **Name:** SPECTRONICS CORPORATION
- **Address:** 956 Brush Hollow Rd, WESTBURY, NY, 11590
- **NAICS:** 335129
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $2.59M
- **Initial approval:** $2.59M
- **Forgiven:** $2.44M (94%)
- **Forgiveness date:** 11/15/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $2.59M
- **Jobs reported:** 144
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*