# PPP loan: UNIVERSAL TOOL & ENGINEERING INC.
> **$212K** approved 01/21/2021 · Paid in Full · Loan `3137288303`
## Borrower
- **Name:** UNIVERSAL TOOL & ENGINEERING INC.
- **Address:** 2304 Silverdale Dr Ste 300, Johnson City, TN, 37601-2590
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $212K
- **Initial approval:** $212K
- **Forgiven:** $214K (101%)
- **Forgiveness date:** 09/07/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $212K
- **Utilities:** $1
- **Jobs reported:** 18
## Lender
- **Originating:** Bank of Tennessee
- **Servicing:** Bank of Tennessee (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*