# PPP loan: SPRING MILL ASSOCIATES
> **$451K** approved 04/15/2020 · Paid in Full · Loan `9316667110`
## Borrower
- **Name:** SPRING MILL ASSOCIATES
- **Address:** 80 Jacksonville Road, Ivyland, PA, 18974
- **NAICS:** 713910
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $451K
- **Initial approval:** $451K
- **Forgiven:** $457K (101%)
- **Forgiveness date:** 08/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $351K
- **Rent:** $26K
- **Utilities:** $50K
- **Health care:** $22K
- **Debt interest:** $2K
- **Jobs reported:** 65
## 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*