# PPP loan: PAYROLL EXPERTS INC
> **$394K** approved 04/04/2020 · Paid in Full · Loan `4892197008`
## Borrower
- **Name:** PAYROLL EXPERTS INC
- **Address:** 36 S 400 W, Ste. 201, OREM, UT, 84058-5325
- **NAICS:** 541214
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $394K
- **Initial approval:** $394K
- **Forgiven:** $397K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $316K
- **Rent:** $24K
- **Mortgage interest:** $40K
- **Utilities:** $15K
- **Jobs reported:** 33
## Lender
- **Originating:** Bank of Utah
- **Servicing:** Bank of Utah (UT)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*