# PPP loan: SPECO INC
> **$648K** approved 04/09/2020 · Paid in Full · Loan `9543877005`
## Borrower
- **Name:** SPECO INC
- **Address:** 3946 Willow St., SCHILLER PARK, IL, 60176-2311
- **NAICS:** 332215
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $648K
- **Initial approval:** $648K
- **Forgiven:** $653K (101%)
- **Forgiveness date:** 02/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $648K
- **Jobs reported:** 54
## Lender
- **Originating:** First American Bank
- **Servicing:** First American Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*