# PPP loan: UNIVERSAL WELDING & FABRICATION
> **$976K** approved 04/16/2020 · Paid in Full · Loan `2339847204`
## Borrower
- **Name:** UNIVERSAL WELDING & FABRICATION
- **Address:** 2720 HURST ROAD, NORTH POLE, AK, 99705
- **NAICS:** 332999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $976K
- **Initial approval:** $976K
- **Forgiven:** $982K (101%)
- **Forgiveness date:** 12/02/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $792K
- **Rent:** $58K
- **Utilities:** $20K
- **Health care:** $96K
- **Debt interest:** $10K
- **Jobs reported:** 113
## Lender
- **Originating:** First National Bank Alaska
- **Servicing:** First National Bank Alaska (AK)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*