# PPP loan: UBIO LABS, INC.
> **$472K** approved 05/05/2020 · Paid in Full · Loan `2372917410`
## Borrower
- **Name:** UBIO LABS, INC.
- **Address:** 2821 Northup Way, Bellevue, WA, 98004
- **NAICS:** 423620
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $472K
- **Initial approval:** $472K
- **Forgiven:** $478K (101%)
- **Forgiveness date:** 06/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $397K
- **Rent:** $52K
- **Health care:** $24K
- **Jobs reported:** 22
## 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*