# PPP loan: SPANSELCO INC.
> **$213K** approved 04/08/2020 · Paid in Full · Loan `8577757008`
## Borrower
- **Name:** SPANSELCO INC.
- **Address:** 601 ROYAL ST, NEW ORLEANS, LA, 70130-2115
- **NAICS:** 453220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $213K
- **Initial approval:** $213K
- **Forgiven:** $215K (101%)
- **Forgiveness date:** 08/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $167K
- **Rent:** $35K
- **Utilities:** $3K
- **Health care:** $8K
- **Jobs reported:** 37
## Lender
- **Originating:** Hancock Whitney Bank
- **Servicing:** Hancock Whitney Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*