# PPP loan: UTILITY SERVICE AGENCY INC.
> **$420K** approved 02/19/2021 · Paid in Full · Loan `1994958505`
## Borrower
- **Name:** UTILITY SERVICE AGENCY INC.
- **Address:** 340 N Main St, Wake Forest, NC, 27587-2322
- **NAICS:** 423990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $420K
- **Initial approval:** $420K
- **Forgiven:** $425K (101%)
- **Forgiveness date:** 05/19/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $420K
- **Utilities:** $1
- **Jobs reported:** 14
## Lender
- **Originating:** First-Citizens Bank & Trust Company
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*