# PPP loan: SPECTRUM DISTRIBUTION, INC.
> **$173K** approved 04/15/2020 · Paid in Full · Loan `8912427110`
## Borrower
- **Name:** SPECTRUM DISTRIBUTION, INC.
- **Address:** 3346 Hubbard Road, LANDOVER, MD, 20785
- **NAICS:** 493110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $173K
- **Initial approval:** $173K
- **Forgiven:** $175K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $155K
- **Utilities:** $14K
- **Health care:** $4K
- **Jobs reported:** 18
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*