# PPP loan: ULTRA PANEL MARINE, INC.
> **$420K** approved 04/27/2020 · Paid in Full · Loan `5408907207`
## Borrower
- **Name:** ULTRA PANEL MARINE, INC.
- **Address:** 6891 NW 73rd Court, MIAMI, FL, 33166-3041
- **NAICS:** 335931
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $420K
- **Initial approval:** $420K
- **Forgiven:** $422K (100%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $315K
- **Utilities:** $105K
- **Jobs reported:** 58
## Lender
- **Originating:** City National Bank of Florida
- **Servicing:** City National Bank of Florida (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*