# PPP loan: UTAK LABORATORIES, INC.
> **$296K** approved 04/29/2020 · Paid in Full · Loan `3662907301`
## Borrower
- **Name:** UTAK LABORATORIES, INC.
- **Address:** 25020 AVENUE TIBBITTS, VALENCIA, CA, 91355
- **NAICS:** 621511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $296K
- **Initial approval:** $296K
- **Forgiven:** $298K (101%)
- **Forgiveness date:** 12/18/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $276K
- **Rent:** $20K
- **Jobs reported:** 20
## 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*