# PPP loan: UNIVERSAL TOOL & ENGINEERING, INC.
> **$212K** approved 04/05/2020 · Paid in Full · Loan `5357597002`
## Borrower
- **Name:** UNIVERSAL TOOL & ENGINEERING, INC.
- **Address:** 2304 Silverdale Dr. Suite 300, JOHNSON CITY, TN, 37604
- **NAICS:** 333515
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $212K
- **Initial approval:** $212K
- **Forgiven:** $214K (101%)
- **Forgiveness date:** 11/19/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $212K
- **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*