# PPP loan: UNIVERSAL ELECTRIC FOUNDRY INC
> **$216K** approved 04/13/2020 · Paid in Full · Loan `5126237100`
## Borrower
- **Name:** UNIVERSAL ELECTRIC FOUNDRY INC
- **Address:** 1523 W. Hubbard Street, CHICAGO, IL, 60642-6337
- **NAICS:** 331511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $216K
- **Initial approval:** $216K
- **Forgiven:** $218K (101%)
- **Forgiveness date:** 12/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $162K
- **Mortgage interest:** $27K
- **Utilities:** $27K
- **Jobs reported:** 19
## Lender
- **Originating:** Northbrook Bank & Trust Company, National Association
- **Servicing:** Northbrook Bank & Trust Company, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*