Spencer Distributing LP

$359,750 PPP Loan in Palestine, Texas

Loan Details

Loan Number
3869368505
Date Approved
Feb 24, 2021
Loan Status
Paid in Full
Initial Approval
$359,750
Current Approval
$359,750
Forgiveness Amount
$362,158
Forgiveness Date
Oct 26, 2021
Term
60 months
Draw
Second Draw

Business Information

Business Name
Spencer Distributing LP
Address
2210 Hwy 155 N
State
Texas
ZIP Code
75803
Business Type
Partnership
Industry (NAICS)
Wholesale Trade (424720)
Business Age
Existing or more than 2 years old
Jobs Reported
57
Estimated Revenue
$14.7M
Rural/Urban
Rural
Congressional District
TX-05

Loan Use Breakdown

Payroll
$359,744
Utilities
$1

Lender Information

Servicing Lender
Verabank, National Association
Originating Lender
Verabank, National Association

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