# PPP loan: UNIVERSAL METALCRAFT INC.
> **$328K** approved 05/05/2020 · Paid in Full · Loan `2017127404`
## Borrower
- **Name:** UNIVERSAL METALCRAFT INC.
- **Address:** 24 BURGESS PLACE, WAYNE, NJ, 07470
- **NAICS:** 332710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $328K
- **Initial approval:** $328K
- **Forgiven:** $330K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $262K
- **Utilities:** $33K
- **Health care:** $33K
- **Jobs reported:** 27
## Lender
- **Originating:** American Express National Bank
- **Servicing:** American Express National Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*