# PPP loan: UNIVERSAL MACHINE & TOOL CO., INC.
> **$286K** approved 04/13/2020 · Paid in Full · Loan `5432877102`
## Borrower
- **Name:** UNIVERSAL MACHINE & TOOL CO., INC.
- **Address:** 1913 BROOKSIDE LANE,, KINGSPORT, TN, 37660-4601
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $286K
- **Initial approval:** $286K
- **Forgiven:** $288K (101%)
- **Forgiveness date:** 11/12/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $286K
- **Jobs reported:** 28
## Lender
- **Originating:** Regions Bank
- **Servicing:** Regions Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*