# PPP loan: UNIVERSAL VALVE COMPANY INC.
> **$830K** approved 01/25/2021 · Paid in Full · Loan `5550358303`
## Borrower
- **Name:** UNIVERSAL VALVE COMPANY INC.
- **Address:** 3501 W Industrial Ave, Midland, TX, 79703-7737
- **NAICS:** 213112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $830K
- **Initial approval:** $830K
- **Forgiven:** $837K (101%)
- **Forgiveness date:** 01/04/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $829K
- **Utilities:** $1
- **Jobs reported:** 28
## Lender
- **Originating:** Frost Bank
- **Servicing:** Frost Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*