# PPP loan: SEATTLE PACIFIC INDUSTRIES, INC
> **$1.28M** approved 04/15/2020 · Paid in Full · Loan `9448827101`
## Borrower
- **Name:** SEATTLE PACIFIC INDUSTRIES, INC
- **Address:** 21216 72nd Avenue South, KENT, WA, 98032-1916
- **NAICS:** 424320
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.28M
- **Initial approval:** $1.28M
- **Forgiven:** $1.30M (101%)
- **Forgiveness date:** 06/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.03M
- **Rent:** $168K
- **Utilities:** $23K
- **Health care:** $66K
- **Jobs reported:** 87
## Lender
- **Originating:** OneWest Bank, A Division of First-Citizens Bank and Trust Company
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*