# PPP loan: SPECTRUM PAPER COMPANY, INC.
> **$317K** approved 04/15/2020 · Paid in Full · Loan `9121247102`
## Borrower
- **Name:** SPECTRUM PAPER COMPANY, INC.
- **Address:** 27 CONCORD ST, EL PASO, TX, 79906-4915
- **NAICS:** 424120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $317K
- **Initial approval:** $317K
- **Forgiven:** $320K (101%)
- **Forgiveness date:** 02/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $317K
- **Jobs reported:** 33
## Lender
- **Originating:** First American Bank
- **Servicing:** First American Bank (NM)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*