# PPP loan: UNIVERSAL COMPANIES INC.
> **$1.52M** approved 02/03/2021 · Paid in Full · Loan `2124808409`
## Borrower
- **Name:** UNIVERSAL COMPANIES INC.
- **Address:** 18260 Oak Park Dr, Abingdon, VA, 24210-8090
- **NAICS:** 551112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.52M
- **Initial approval:** $1.52M
- **Forgiven:** $1.54M (101%)
- **Forgiveness date:** 11/24/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.52M
- **Utilities:** $1
- **Jobs reported:** 108
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*