# PPP loan: UNIVERSITY AUTOMOTIVE
> **$674K** approved 04/10/2020 · Paid in Full · Loan `2129807107`
## Borrower
- **Name:** UNIVERSITY AUTOMOTIVE
- **Address:** 6519 University Drive NW, Huntsville, AL, 35806-1717
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $674K
- **Initial approval:** $674K
- **Forgiven:** $682K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $540K
- **Rent:** $70K
- **Utilities:** $64K
- **Jobs reported:** 65
## Lender
- **Originating:** First Bank of Boaz
- **Servicing:** First Bank of Boaz (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*