# PPP loan: UCAL SYSTEMS, INC.
> **$2.14M** approved 04/27/2020 · Paid in Full · Loan `3887057209`
## Borrower
- **Name:** UCAL SYSTEMS, INC.
- **Address:** 1875 HOLMES RD, ELGIN, IL, 60123-1298
- **NAICS:** 333249
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.14M
- **Initial approval:** $2.14M
- **Forgiven:** $2.18M (102%)
- **Forgiveness date:** 03/25/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.60M
- **Rent:** $320K
- **Utilities:** $214K
- **Jobs reported:** 161
## Lender
- **Originating:** Village Bank and Trust, National Association
- **Servicing:** Village Bank and Trust, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*