# PPP loan: SPECTRAL MOTION INC
> **$521K** approved 05/01/2020 · Paid in Full · Loan `8470447303`
## Borrower
- **Name:** SPECTRAL MOTION INC
- **Address:** 1727 OUTPOST LN, PASADENA, CA, 91107-1073
- **NAICS:** 561499
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $521K
- **Initial approval:** $521K
- **Forgiven:** $528K (101%)
- **Forgiveness date:** 07/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $521K
- **Jobs reported:** 48
## 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*