# PPP loan: SPOSATO IRRIGATION COMPANY INC.
> **$324K** approved 04/09/2020 · Paid in Full · Loan `9012387001`
## Borrower
- **Name:** SPOSATO IRRIGATION COMPANY INC.
- **Address:** 16181 HUDSON RD, MILTON, DE, 19968-3612
- **NAICS:** 561730
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $324K
- **Initial approval:** $324K
- **Forgiven:** $326K (101%)
- **Forgiveness date:** 01/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $274K
- **Rent:** $2K
- **Utilities:** $3K
- **Health care:** $45K
- **Jobs reported:** 30
## Lender
- **Originating:** Wilmington Savings Fund Society, FSB
- **Servicing:** Wilmington Savings Fund Society, FSB (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*