Spectrum Solutions, Inc.

$1,366,000 PPP Loan in Madison, Alabama

Loan Details

Loan Number
7755077004
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$1,366,000
Current Approval
$1,366,000
Forgiveness Amount
$1,378,332
Forgiveness Date
Mar 5, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Spectrum Solutions, Inc.
Address
114 Castle Dr
State
Alabama
ZIP Code
35758-8674
Business Type
Corporation
Industry (NAICS)
Professional, Scientific, and Technical Services (541512)
Business Age
Existing or more than 2 years old
Jobs Reported
106
Estimated Revenue
$21.9M
Rural/Urban
Urban
Congressional District
AL-05

Loan Use Breakdown

Payroll
$1,325,200
Rent
$30,000
Utilities
$10,800

Lender Information

Servicing Lender
Servisfirst Bank
Originating Lender
Servisfirst Bank

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