# PPP loan: UNION PROCESS, INC.
> **$561K** approved 04/16/2020 · Paid in Full · Loan `2425587205`
## Borrower
- **Name:** UNION PROCESS, INC.
- **Address:** 1925 Akron Peninsula Road, Akron, OH, 44313
- **NAICS:** 333999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $561K
- **Initial approval:** $561K
- **Forgiven:** $567K (101%)
- **Forgiveness date:** 06/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $388K
- **Rent:** $38K
- **Mortgage interest:** $11K
- **Utilities:** $50K
- **Health care:** $75K
- **Jobs reported:** 25
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*