# PPP loan: SPECTRUM TECHNOLOGIES INC.
> **$263K** approved 03/12/2021 · Paid in Full · Loan `9509818502`
## Borrower
- **Name:** SPECTRUM TECHNOLOGIES INC.
- **Address:** 2338 Sweet Meadow Rd, Baltimore, MD, 21209-3866
- **NAICS:** 517919
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $263K
- **Initial approval:** $263K
- **Forgiven:** $265K (101%)
- **Forgiveness date:** 09/24/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $263K
- **Jobs reported:** 26
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*