# PPP loan: UNIVERSAL INSURANCE COMPANY
> **$8.56M** approved 04/10/2020 · Paid in Full · Loan `1414987109`
## Borrower
- **Name:** UNIVERSAL INSURANCE COMPANY
- **Address:** Metro Office Park Street #1, Lot #10, GUAYNABO, PR, 00969
- **NAICS:** 524126
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $8.56M
- **Initial approval:** $8.56M
- **Forgiven:** $8.66M (101%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $8.56M
- **Jobs reported:** 500
## Lender
- **Originating:** FirstBank Puerto Rico
- **Servicing:** FirstBank Puerto Rico (PR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*