# PPP loan: ALVAREZ SPAWNING, INC. AND ALBERTO C. ALVAREZ & LILLIAN F. J
> **$346K** approved 04/28/2020 · Paid in Full · Loan `8704297201`
## Borrower
- **Name:** ALVAREZ SPAWNING, INC. AND ALBERTO C. ALVAREZ & LILLIAN F. J
- **Address:** 1086 Shadyside Road, OXFORD, PA, 19363
- **NAICS:** 111419
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $346K
- **Initial approval:** $346K
- **Forgiven:** $348K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $341K
- **Rent:** $5K
- **Jobs reported:** 50
## Lender
- **Originating:** Meridian Bank
- **Servicing:** Meridian Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*