# PPP loan: UNIVERSAL HI-TECH DEVELOPMENT, INC.
> **$242K** approved 07/30/2020 · Paid in Full · Loan `1380818210`
## Borrower
- **Name:** UNIVERSAL HI-TECH DEVELOPMENT, INC.
- **Address:** 1383 Piccard Dr., Rockville, MD, 20850
- **NAICS:** 519190
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $242K
- **Initial approval:** $242K
- **Forgiven:** $243K (100%)
- **Forgiveness date:** 12/02/2020
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $242K
- **Jobs reported:** 22
## Lender
- **Originating:** Citibank, N.A.
- **Servicing:** Citibank, N.A. (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*