Spotts Insurance Group INC

$275,830 PPP Loan in Wyomissing, Pennsylvania

Loan Details

Loan Number
8228177100
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$275,830
Current Approval
$275,830
Forgiveness Amount
$277,893
Forgiveness Date
Jan 20, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Spotts Insurance Group INC
Address
74 Commerce Drive
ZIP Code
19610
Business Type
Subchapter S Corporation
Industry (NAICS)
Finance and Insurance (524210)
Business Age
Existing or more than 2 years old
Jobs Reported
24
Estimated Revenue
$12.3M
Rural/Urban
Urban
Congressional District
PA-06

Loan Use Breakdown

Payroll
$230,000
Rent
$20,000
Utilities
$2,000
Health Care
$22,830
Mortgage Interest
$1,000

Lender Information

Servicing Lender
Manufacturers and Traders Trust Company
Originating Lender
Manufacturers and Traders Trust Company

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